UPDATE: Impala Platinum ready to break out of bear channel?
Implats has been on a downtrend for years.
Recently it's formed a falling Wedge. But it looks like the support level remains to be very strong for the bulls.
The price is back to the top of the channel and now we need a strong breakout.
The PLatinum market is looking bullish and if it follows through it will send many companies up. But we need that confirmation and stronger signals of upside to come before we take action.
Then first target for Implats will be at R120.00
Recently it's formed a falling Wedge. But it looks like the support level remains to be very strong for the bulls.
The price is back to the top of the channel and now we need a strong breakout.
The PLatinum market is looking bullish and if it follows through it will send many companies up. But we need that confirmation and stronger signals of upside to come before we take action.
Then first target for Implats will be at R120.00
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
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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