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
Shortplatinum
Implats down channel fooled us all but not again!To think that in January 2023, IMplats was trading at R235.52.
Today, in November we're looking at R73.12.
And yet, it's been an imperceptible downward journey, that even I am too embarassed to realise today.
Hindsight is a Biscuit!
Well anyway, the new downward channel is showing more downside to come with volatile (jumpy) highs and lows which can easily stop out any trader along the way.
But all in all, the target seems to be going to R44.00
I'm bearish...