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.
Unfortunately seems to have free air below, so stop loss is a tough one. Discretion required.
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