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Impalaplatinum

IMP low probability for IMP but still more likely to break downM 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 down candle. But that's what the analysis says. Price<20 Price>200 Need to wait for breakout Target R38.07
JSE:IMPShort
by Timonrosso
#XPDUSD Palladium reaching long-term accumulation levelsPalladium 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 top(resistance) should start to morph into support. This level was also tested in late December 2017 after not having made new highs for 16 years! To think that the commodity is basically flat from the highest point some 22 years ago is quite something... What makes this level even more interesting to me is that we have approached the 200 month moving average (green moving average on the chart). Interestingly, this is where the palladium price bottomed back in Late 2016 before rallying almost 500% to reach the Peak of $3000 in April 21'. Also, if you look at the RSI and MACD indicators at the bottom of my chart, you will see just how oversold the commodity is. To put it into perspective, the only time we were more oversold going back to 1997 (which is as far as i can go), was April 2003 where we traded as low as $150... I would start accumulating here, with scope to add down at $850 should it get there, which is where we find the uptrend connecting the 2008 and 2016 lows. I will be surprised if we get that far, but I will start accumulating from current levels for a move higher. We are so stretched in price here that I do expect some mean reversion to take place in the weeks and months ahead. We are already starting to see mines having to close shafts which is telling you that PGM prices at these levels are not sustainable and something has to give sooner or later...
OANDA:XPDUSDLong
by MarcoOlevano
Impala platinummarket 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 see on the weekly support being established at current market price, in the short term will see bullish price action and then a quick wave down towards 20000 and then going towards the 35000 at which ill get out of this market, this could be by early 2023 or late 2023 when the FED announces its taper stocks will then enter a bear market for the until the fed stopped hiking interest rates. Enjoy the last couple of years in a bullish stock market, rates are ging higher and stock prices will need to adjust
JSE:IMPLong
by MiWealth
1
Long on Impala PIatinum (IMPUY) - Quick Play 15, 16-ish to 20!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% gain. Financials are healthy, so why not ride these guys out! Once you have your 20-25% gain locked in at 20, I would even reconsider doubling down and seeing how many resistances it can break as we keep going higher! How long will it take... let's talk about it!
OTC:IMPUYLong
by JJForMayor
1
A Sharp Correction After The Incredible Rhodium Price ExplosionThe rhodium price crashed in March by 32 percent but is recovering already. Still the rally of the last months and years stays impressive. The reason for the bull run is a tight supply and a strong demand. The causes of the jump have not yet disappeared and may last longer. Not only rhodium is scarce, but its ETC (XRH0), too. The largest rhodium producers, Northam Platinum and Impala Platinum are listed primarily in Johannesburg, South Africa. (But also available in the OTC market in the US and Germany.) The big multinational commodity holding Anglo American is another main rhodium (and platinum) producer. But much of its revenue comes from other raw materials. (Rhodium can’t be found in pure form. It is a byproduct of platinum, nickel, and palladium mining output.) Main rhodium minders surged 400-500 percent in last years. But the economic recovery, expected in the middle and second half of this year, may further increase the buying pressure on rhodium and miners.
NLong
by AgelessFinance