Anglo American Plats rare metal and rare formation showing upsid
Broadening Formation (Vuvuzela) and W Formation is forming on AngloPlats.
We are seeing synergy with the upside with the platinum price and platinum stocks.
I guess no suprise knowing they work in tandem with each other.
Also, there is a good chanc eof upside with the price above both:
Price>20 and Price>200
Wait for break above the necklines and we could get a Target of R1,001
Moving onto the fundamentals:
The increase in Anglo American Platinum's stock price in 2024 can be connected to the broader market dynamics affecting platinum prices.
Factors like a global supply deficit, driven by production challenges and rising demand from sectors such as automotive and green technologies, contribute to the metal's price increase.
As Anglo American Platinum is a major producer of platinum, these market conditions likely positively impact the company's stock price by enhancing profitability prospects due to higher platinum prices.
We are seeing synergy with the upside with the platinum price and platinum stocks.
I guess no suprise knowing they work in tandem with each other.
Also, there is a good chanc eof upside with the price above both:
Price>20 and Price>200
Wait for break above the necklines and we could get a Target of R1,001
Moving onto the fundamentals:
The increase in Anglo American Platinum's stock price in 2024 can be connected to the broader market dynamics affecting platinum prices.
Factors like a global supply deficit, driven by production challenges and rising demand from sectors such as automotive and green technologies, contribute to the metal's price increase.
As Anglo American Platinum is a major producer of platinum, these market conditions likely positively impact the company's stock price by enhancing profitability prospects due to higher platinum prices.
✅ Facebook:
facebook.com/groups/matitrader
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timonandmati.com
𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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