Trade Idea: Short/Sell Impala Platinum
Key Technical Drivers
- Volume has declined on the 2nd push higher
- Potential channel breakdown
- Trading at overhead resistance
- Price trading 40% above it's 200dma
Suggested levels:
Short @ market 3247c
TP: 2900c (blue dotted line)
SL: 3460c
In addition, the platinum price is playing out from a bear flag pattern.
- Volume has declined on the 2nd push higher
- Potential channel breakdown
- Trading at overhead resistance
- Price trading 40% above it's 200dma
Suggested levels:
Short @ market 3247c
TP: 2900c (blue dotted line)
SL: 3460c
In addition, the platinum price is playing out from a bear flag pattern.
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