Impala Platinum new target now UP to R126.27M Formation is now turning into a W Formation
We never had the break down and now it is looking up, along with the platinum price.
So we need to adjust course.
Now we are waiting for a breakout above the Neckline of the W Formation then the next target will be around R126.27
Nature: High Probability
Price>20
Price>200
Impala
UPDATE: IMP continues to disappoint with the commoditiesM Formation is easily turning into a Triple Top
Price<20
Price>200
Need to wait for breakout for the confirmation. Then the first target will be at R38.07.
It's a bearish outlook for platinum and is a downer for the commodity, but hopefully we get a stock market run up to counter for the drop.
Impala Platinum showing downside to come to R53.22M Formation seems to be forming on Implats as well Anglo AMerican PLats.
Platinum is showing downside to come and so it will bring down the companies with it.
We just need to wait for the breakout to the downside for extra conformation.
Price<20
Price>200
Target R53.22
Impala PLatinum fantastic for upside to R170.35With the PLatinum price running up very nicely and setting it's for a rally - JSE PLatinum stocks are looking almost perfect to buy.
We have a Cup and Handle with a breakout above and confirmed. We'll need to wait for Monday's Open price to confirm above the Breakout.
NATURE: HPT (High Probability Trade)
Price>20
Price>200
Target R170.35
Great trade analysis for the system!
Impala Platinum Daily 70% Incoming!This stock is in a good position to give us some healthy gains. First we need to gain the internal structure going higher than 8400 at least, then hold 7700 to continue the move to 12000, else it will fail and create a new low, local to a higher time frame. But this spot is key at the moment, keep a close eye from tomorrow morning open...
A Turn in the Platinum Miners? Part 1 - IMP JSE:IMP Given the weakness in the platinum miners and resource stocks in general in the last few weeks, it takes some bravery/optimism/fondness for punishment to start nibbling at long positions.
Some resource stocks, and platinum miners in particular, are tilting bullish. on JSE:IMP :
- Golden cross & bullish confirmation on 1D MACD
- Bullish divergence on weekly MACD
- On Weekly: Crossed 5EMA and heading towards 15EMA
- On Daily: Crossed 5EMA & 15EMA, and 5EMA is threatening 15EMA cross.
What do you think - bottom in? Looks like a reasonable risk reward trade if you keep your stops tight. I'm looking to enter at R246 with a stop at R239, target R271 ... 3.5:1
UC
Possible long entry on Impala PlatinumJSE:IMP is looking good for a long position. The stochastic has crossed upwards from below 20 and the MACD crossed upwards yesterday. The moving averages haven't crossed yet, but a doji formed on the 5th of October which serves as a signal for a possible turning point in the market.
We are looking at a target around the previous resistance at about the 17500 level.
IMP - Bullish EngulfingJust by purely looking at the charts, JSE:IMP has formed a bullish engulfing chart pattern and we could see an upward move confirmed by the stochastic.
I am remaining cautious as the world markets are all majorly down this morning, so I will definitely wait for a solid confirmation before entering long.
IMPALA PLATINUMThis stock has been bullish for a while now, its hit the support/supply zone and thus I am anticipating a pull back of either 50% or 38.2% FIB Retracement , that will be giving us "B" then we have "C" thereafter. You may sell the pull back but base your entry and target on smaller timeframe and also you may set buy limits for when it reaches the 50% Fib level and put your SL at the 61.8 Fib Level.