Anglo American PlatinumHere is medium-long term shorting set up for those who are patient enough. Its Head & Shoulder chart pattern in play! I'm calling it 500!Shortby Innocentmaponde2
AMS - Head & Shoulders ?Anglo American Plat has been one time framing down on the weekly. Target zone below still valid and we have what looks to be a head and shoulders as well which could take it back to covid low levels. NB: Relief rallies can and do happen. by Trader-Dan5
Anglo American Platinum - Overdone?AMS has sold off quite heavily breaking a few support levels to the downside - (1370), (1124) and finally (1050). Not even the blue TL held up. Stock might be overdone short term and could be worth a bounce at these levels for a medium term hold. Look to trade in the 1050 - 1370 range. Unfortunately seems to have free air below, so stop loss is a tough one. Discretion required. Longby Trad3r_163
AMSJSE:AMS fell to the potential support level, as shown in a previously shared idea. NYMEX:PL1! is weak and PGM miners are receiving hands from that weakness. Will there be buyers here? by Trend_Trader_JSE0
Pair trade: Buying AMS vs Selling SSWA bullish trend is applicable. The ideal entry price is as close to 28.3365 as possible. Increase exposure for a break above 30.1990. Target price is set at 33.8980. Stop-loss price is set at 27.4245. Time exit: 2 May 2023.Longby Peet_Serfontein0
#AMS - time to accumulate again?Since the highs in March 2022, Angloplat has corrected almost 50%. I am starting to become interested in this chart on a medium term basis for the following reasons: (1) Supported off 61.8% fib from Mar 22 and Mar 20 Highs and lows (2) Rising channel support (3) Has tended to consolidate under the 200WMA before reversing on a weekly time frame (4) 200wma still trending upwards (5) supported off September 21 horizontal lows Remember this is a weekly chart so it could take some time to play out with the possibility of weekly consolidation in this zone, but ultimately I would bet on my chances of this resolving higher in due course. Longby MarcoOlevano1
Bearish and Cautious on Platinum Stocks.Bearish and Cautious on Platinum Stocks. There seems to be a Head and Shoulders Pattern forming. Trade Wisely. Regards. Graham. Shortby hitchcoxgUpdated 3
AMS NYMEX:PL1! miners seem to be under pressure, JSE:AMS bearing the brunt thereof. A close below R1360 opens a potential move to near R1150.Shortby Trend_Trader_JSE2
AMS, bullish?We've noted several PGMs turning bullish in the past few weeks, and we have an JSE:AMS position. At the moment JSE:AMS seem to be retesting the (rising) 200MA, if it find support there, the stock may continue to rise, especially if the sector is turning bullish. Other notable players are JSE:IMP & JSE:SSW (position) Longby Trend_Trader_JSE2
Short triggered on AMSA short has been triggered on JSE:AMS . We are looking at a target at the strong support level of around the R1250 level.Shortby RossLarter4
Amplats to break above 200MA up to R1,917Inverse H and S on Amplats The break out of the neckline was strong and the MAs look good 7>21- Bullish. Price is testing 200MA but looks like momentum will help overcome it. Target R1,917.58Longby Timonrosso3
AmplatsImpressive run on Amplats during past few weeks. We can target 1800 in the short term; but first, buyers have to push through the 200dma.by Innocentmaponde2
JSEAMS - False breakout (Short)After the attempted breakout i believe there will be longs trapped here after the hawkish FED last night. Platinum is also up against overhead resistance. Expecting a down move towards the gap below and probably could even test the consolidation base . A daily close above R1530 negates the bearish view.Shortby Trader-Dan3
Anglo American PlatinumAmplats has been going sideways for a little while now, trading in a clearly defined consolidation range. Ideally we would like to see a breakout of this consolidation, with a move towards its 200DMA, around R1607,00. Of course, we never pre-empt any market, we always wait for the price to confirm a breakout, either way. by Trad3r_16111
AmplatsTrend is down, a bearish pattern (bear flag) is currently breaking; that's all the reasons needed to 'short' Amplats here for a potential move to 900.Shortby Innocentmaponde4
Market Neutral Idea: Long AMS, Short IMPOver the short term, and on a technical basis, Anglo American Platinum ( JSE:AMS ) appears to be trading near a 'oversold' range vs Impala Platinum ( JSE:IMP ). On this basis, from a market neutral perspective, I consider a long (buy) position in AMS vs a short (sell) position in IMP. The two shares have a high historical correlation however the recent trend ( JSE:AMS underperforming JSE:IMP ) has seen this correlation develop a discrepancy, opening up an opportunity to potentially profit as prices revert to it's mean. A successful pair trade can be realized 1 of 3 ways: The long position rises while the short position falls The long position rises faster than the short position rises The short position falls faster than the long position falls. Pre-market view of entry levels (subject to change based on subsequent intraday price action). Last close of ratio price: 7.16 Preferred entry range: 7.05 - 7.18 Stop-loss: 6.92 Target: 7.75 For more research, including trade ideas, get in touch today. by techpers1
AMS small descending triangleAMS setting up a possible descending triangle. If triggered target can be around R1260 area. Trade ideas are my own and not financial advice. Shortby jhwolmarans0
AmplatsAmplats developing another bear flag. A break of that, together with the 1500 support could be ugly.by Innocentmaponde334
Amplats-'Short' target reached!1600 'short' target exceeded, original idea below.by Innocentmaponde112
AMS - Long position coming upThe stochastic, MACD and 3 & 15 EMA's have all crossed upwards on JSE:AMS signaling a potential long position.Longby RossLarter3
Downward momentum on AMSOur 3 momentum indicators have all crossed downwards on JSE:AMS signaling a good time to enter a short position. The target is at the strong support level at around the 160000 level.Shortby RossLarter112
AmplatsCould Amplats be coming for a retest before the next move higher? 2000 is the level to watch.Longby Innocentmaponde3