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Anglo American Platinum Ltd.Anglo American Platinum Ltd.Anglo American Platinum Ltd.

Anglo American Platinum Ltd.

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ANGPY trade ideas

Anglo American Platinum - Short Term View- Pre-market Tactical Perspective:"Aggressive Selling, Wait For Lower Time Frames To Stabilize" - Both the 7 and 14-day RSI is extremely oversold, with the share having declined from above R2250 to the last close and R1529, which is also the lowest level since February. - It's possible that the swing support of 28 January to 04 February is held (R1480-R1510). - Our analysis also notes a 2-tier trend line where, if the first short term resistance is breached, could offer an opportunity on the long side as an ultra short term swing. Note: First confirmation of a potential long is a break of line 1_2.
JSE:AMSLong
by LD_Perspectives
Anglo American Platinum I consider the MONTHLY CHART to be the most underutilized time frame in technical analysis, with the time frame acting a strong guide for the second time in 18-months, helping me avoid declines of 65% and 26% respectively (see the two related ideas). AMS is approaching our latest short/sell target of R1500 (-26%), from the 21-March note at R2115. As noted in my research report at the time: "If you've held this name in a long term portfolio for the last 5 years, should you be selling? Yes. From it's January 2016 low of R156 to it's March 2021 peak of R2224, the share is higher by over 1300% and technically, it appears overextended: (1) the price is ~226% above it's 50-month exponential moving average. (2) although strong, the RSI has developed it's first lower high. (3) in December 2020, we saw the price breach resistance of it's multi-year swing highs (May/June 2008) and (Dec-2019 to October 2020). Often a share will perform a back-test of the breakout level, which could see the share retrace to R1500. Chart Time Frame: Monthly". If you are not utilizing the monthly chart in your approach, you may be missing out on an alternative perspective to take advantage of opportunities as well as more importantly, to manage risks.
JSE:AMS
by LD_Perspectives
1
AMSAn extract from my weekly research report. Anglo American Platinum (AMS, 211542c ) |Long Term Overextended To The Upside | If you've held this name in a long term portfolio for the last 5 years, should you be selling? Yes. From it's January 2016 low of R156 to it's March 2021 peak of R2224, the share is higher by over 1300% and technically, it appears overextended: (1) the price is ~226% above it's 50-month exponential moving average. (2) although strong, the RSI has developed it's first lower high. (3) in December 2020, we saw the price breach resistance of it's multi-year swing highs (May/June 2008) and (Dec-2019 to October 2020). Often a share will perform a back-test of the breakout level, which could see the share retrace to R1500.Chart Time Frame: Monthly #TradingPlan #KeyLevels
JSE:AMSShort
by LD_Perspectives
1
Anglo American Plat Ltd looks really overboughtEverything about this chart is telling me that the stock needs to retrace and perhaps consolidate at lower levels before its next leg upwards. At face value the company appears to be heavily overbought. I would usually take significant profits at this point, however, the price of platinum looks really bullish. Its a case of reconciling whats been priced into vs the implications of a higher platinum price. So what is one to do? I'm incline to say take some profits... Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
JSE:AMSShort
by JesseMorgans