$JSEAMS - Bull flaggingAnglo American Platinum forming a small potential bull flag.. we wait for confirmation of a breakout.
AMS trade ideas
JSEAMS - Possible bear flag (hourly)JSEAMS - Possible bear flag formation. Looking for a break below 1,293 to confirm
$JSEAMS breaking new highs$JSEAMS breaking new highs with 2020 Interim Results Short Form Announcement today
Weekly game plan 28 June 2020 - AMSSeems our bearish outlook here was wrong as the stock broke out higher. Mixed signals now, so no trade for us.
Weekly game plan 14 June 2020 - AMSLonger-term moving averages looking like they want to give a bearish cross. A break lower from consolidation will trigger a short.
Don't be scared in the long run, the trend is still upAMS will remain strong as long as Palladium, Platinum and Rhodium remain strong. Supply at the moment appears to still precede demand as the world pushes to eliminate carbon emissions created by fossil fuels. Expect fuel companies and the price of oil itself to eventually wane to zero as demand dies out. Right now we are hanging at the .618 golden ratio with clean price action conforming to fundamental and technical analysis.
ANGLO AMERICAN PLAT - Long entry - Stock has been climbing a parabolic curve
- Stochastic oversold (Daily)
- Possible move to R1290 (Monthly resistance at
- Below R1035 will negate the trade
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:AMS
$JSE-AMSJSE:AMS
Pulled back towards last break out point yesterday and made potential bear flag.
Could be short down to 1040-1050 area
Weekly game plan 26 January 2020 - AMSPennant broke downward with Palladium as a catalyst. Could see a move back to the longer-term trend line. Perhaps a place to re-enter the trend?
Back to the Trend line?Seems that pennant broke the other way... could be a short down to the blue trend line from here..? That is very much against the trend though and is probably too high a risk trade to consider. Perhaps waiting for a bullish reversal around that blue trend line to get long is a better course of action?
Rare earth metals - not ChinaThe history here is a bit of a head scratch, odd splits, but compary Anglo American Platinum to Palladium and Platinum prices and seeing positive dividend rates along with Palladium prices going up. Expect Rhodium and Nickel also helping lift this one. OTC:ANGPY Kind of wish the P was an R though.
ANGLO PLATINUM LIMITED (AMS) LONG (TRADE OF THE WEEK!!!)This is undoubtedly the trade of the week, or rather following week (considering the fact that the markets are now closed at the time of writing). The stock price has been parabolic to the upside and you would feel your stomach churn if you thought of where to enter and where to put a stop loss. But I will not be providing you with a sense of safety as trading is always a risky game. However, I have identified 150 000 as a good target to take your “profits” should they present themselves. It would be fair enough to lock in some profits by moving your stop loss to this level if the buyers push the price to this point.
You can never be too careful in this South African market in light of what just happened to Telkom shares. Telkom is starting to turn into another Steinhoff if you know what I mean. The bears in this market can maul your account and you could kiss your retirement portfolio goodbye. If you are buying Telkom, then definitely you are catching a falling knife both literally and figuratively. Back to Anglo Platinum, be careful of those douche bags holding dozens of shares who might just dump their stakes to make their “killing” and leave you capitulated. Also, you might just want to keep tabs on earnings report because from what I read, Telkom’s earnings were a flop and, yes, their failure to acquire Cell C also contributed to the massive sell-off.
Buy: Now!!! Yes, the price has already rejected the inner trendline on the 4-hour chart and formed two bullish candles. A stop-loss is a definite must in these parabolic stock markets, but make sure you give your trade enough room to breathe. I would suggest a stop-loss below the 126572 price level, which is the previous low.
I am personally going to try to enter this trade at market open on Monday. Yeah, after I missed that Capitec rally, trust me I am not going to a good moves like this again.
$JSEAMS Within touching distance of all time highsAfter touching a low of R156 in January 2016, the stock is up by a whopping 791%!! (current price : R1390) The last time the RSI reached these levels of 90 on the monthly chart back in Jun - August 2017, we saw the stock retrace almost R500 in 3 months!! While i am not suggesting that history repeats itself, i am merely advising caution at chasing Anglo Plats as the stock is getting extremely overbought and it is within touching distance of the previous all time highs which was tagged in May 2018 (R1438.63). Momentum is on it's side, but as we saw in 2007, when the stock eventually corrects, they are usually quite quick & aggressive, and you don't want to get caught on the wrong side of that!
$JSE-AMSJSE:AMS
This is what is called parabolic move.
Watch for parabola been broken, could be that we are close to it.
Spring Effect + Mirror EffectWe have a mirror effect that is forming an H&S, this will force this guy to go down a little bit!!
Anglo American Platinum - When In Doubt, Zoom OutIt may be a strange comment/question for an SA platinum share in 2019 but is it time to take some money off the table in this name. Technically, we're closing in on the May-June 2008 highs. Resistance zone around 1290-1340. If not all, at least some?
Bearish Harami on AMSJSE:AMS has formed a bearish harami. Although it is trading at all time high levels, we could possibly see a small downward retracement.
