After the AMS stock tricked us showing upside to come with the downtrend broken.
This is where Smart Money clearly came in and sold the hell out of it.
Now there is an M Formation accompanied with a Bearish Engulfing candle.
This is more bearish than not.
200>21>7 - Bear
RSI<50
Target R743.65
ABOUT THE COMPANY
Anglo American Platinum Limited is a South...
Inverse C&H has formed on AMS over the last month and a bit.
This has been the consolidation range as the downtrend seems to be coming to an end.
We are seeing signs that the price is nearly ready to break up and out of the pattern.
7>21
Price<200 - But the price need to go back up as it acts as an elastic.
RSI >50
Target R1,500
SMC
Sell Side LIquidity Order...
Potential Cup and Handle is forming on the daily.
We are seeing higher lows form and the supply side is dwindling.
Once we get a break above the brim level, it'll be all systems go.
7>21
Price <200 - Bearish
RSI>50 -bullish
Target R1,644.61
SMC:
Sell Side Liquidity order block has formed below the formation. Each time the price touches, it runs up. That's...
Anglo Plat has had a good run but has now started to form a trading range. I have been following the accumulation of Anglo Plat since 2018 (See post below). It has had a great run after breaking the accumulation trading range (TR). We have seen a buying climax (BC) signalling the start of a smaller TR during the markup phase E. This could be a re-accumulation and...
Anglo American Platinum Ltd have had a good run of it over the last year. The stock has been very bullish but it would seem as if it has run out of steam and momentum.
As of the end of February, a big bearish divergence have occurred between price and the MACD. Since the formation of that divergence, JSE:AMS has also broken through support at about R720.
It...
JSE:AMS
Weekly chart with inverted head and shoulders. Neckline held few times on back test.
Long here with stop loss at 43000 and target around 80000 looks as a great trade.
This is weekly chart so one must be very patient with development.
A comparison of the weekly charts of Anglo Platinum, Impala, Northam with their relative strength (RS) to the Top 40 is presented. A 40 Week or 200 Day MA has been put on both the price chart and RS. Anglo Platinum has the strongest momentum and is breaking a longer-term trading range (TR). Lonmin is still very week. Impala has had some recent strength in a wide...
JSE:AMS
Big green bar on big volume on top of the trend. Blow off top on $JSEAMS hourly chart.
Back to 54500 and probably going to break that rising wedge and go lower.
But first target is 54500
AMS has been in a range since 2013. Signs are that this range has been an accumulation range after a decline. After a spring in Phase C we have had a test on low volume in Phase D and signs of strength (SOS) according to a Wyckoff analysis. In Wyckoff language the SOS could be seen as a jump of the creek. There is currently a pause at the top of the trading range...
For almost two and a half years, JSE:AMS was stuck in a range of between R260 and R380, only once breaking out for a brief period.
In July of this year, however, the stock found good momentum, reaching a high of R500.37. It has since come off this high and is now offering traders a good entry point. Take a look at the above chart.
Firstly, note how Amplats is...
