M Formation turning into Triple Top with IMP. I am hesitant making this analysis as the JSE is showing strong upside to come along with international markets. But the charts are still saying the price is likely to test demand to the upside and if it's weak this thing can drop big time down to R38.00. We definitely need to wait for the breakout and a strong...
M 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
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...
Impala Platinum has clearly been moving in a down channel. It's failed to break the support level at R72.29. This means, we could be getting some buying momentum and demand, which will drive the price up. I would wait for a solid breakout above the channel, which will signal a more promising buy. Then my next target will be R128.76
Palladium is starting to pique my interest. After retreating from as high as $3000 at the peak in April 21' - the commodity is now down 65% and reaching interesting long term levels. Firstly the current level at approximately $1025 is where palladium peaked as far as back in January 01' - almost 22 years ago. If this becomes a point of polarity, the previous...
Not the first time in history this R80-R100 zone on impala has formed some solid support. Given the reversal candle forming here.. my odds favour a move higher here over the medium term
Broadening Formation (Megaphone) has formed on the daily, The indicators are all showing bearish but I can't help but feel that the breakout will be up. Regardless, price action is saying the following Trend direction down 7 < 21 < 200 RSI =50 Bearish So, once we get a breakout we will know exactly what to do.
JSE:IMP is at a multi-year area of value. This is supposed to be a support level, I wonder how long can it hold. If it fails the stock will have a rough ride. No position.
A bearish engulfing formed on JSE:IMP two days ago. The short position was triggered yesterday and it is looking good so far. The target lines up nicely with the low on the 15th of July 2022.
Keep an eye on Palladium here... looks to be consolidating in a neat bullish falling wedge formation. More importantly, the RSI is making a series of higher highs (divergency) which is warning of a rally to come... Might be worth looking at a couple of the palladium/platinum plays... Sibanye, Impala, AngloPlat, Northams etc which would be beneficiaries if this plays out
We've noted several PGMs turning bullish in the past few weeks, and we have an JSE:AMS position. At the moment JSE:AMS seem to be retesting the (rising) 200MA, if it find support there, the stock may continue to rise, especially if the sector is turning bullish. Other notable players are JSE:IMP & JSE:SSW (position)
A large bullish engulfing candle has formed on JSE:IMP . This is a bottom reversal signal and I think we could see a nice upward move from here.
Market Bounce exactly on the 162, price should now continue and take out the previous, Consider taking profits some profits when these highs are taken out. 345 is primary target
Most of the JSE stocks aren't looking great at the moment, however it looks more corrective that impulsive at the moment, we should get another correction and impulse to the downside on IMPALA Platinum. Bulls should start defending at R162-00/pshare, if there isnt any spike in volume at that price or not impulse move to the upside, we could see a deeper retracement
South Africa is the world’s largest producer of platinum
Since mid-May, JSE:IMP has been struggling to make lower-lows and found itself in a sideways consolidation period. With yesterday's upward move, it has broken out of the top of the consolidation zone. If the momentum continues, we could see a move up towards the 30000 resistance level.
market is in a strong bullish trend with no divergence on the MACD on the monthly, Trend line was broken on the weekly that indicates a correction in the market before we see the next leg higher which could possibly be the last impulse move in the stock before entering into a bearish market cycle.| Ill wait for the correction on monthly to play out s we already...
After Impala Platinum Holding Ltd. has been held down all of these years, its time for the company to return to where it belongs... way, way up. While I would love to talk about returning to all-time-highs of 40++, why not just get in while the market is at a low around the next resistance point of 15 or 16, and then ride it to at least 20 for a casual 20-25%...