IMPUY (METALS play)this stock just broke out of it's recently formed base, and has major major upside.
this move is expected to take place along side platinum's breakout move
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−1.03 USD
−925.16 M USD
4.62 B USD
About IMPALA PLATINUM HLGS LTD
Sector
Industry
CEO
Nicolaas Johannes Muller
Website
Headquarters
Northlands
Founded
1924
FIGI
BBG000BSQRB5
Impala Platinum Holdings Ltd. engages in the business of mining, refining, and marketing of platinum group metals. Its products include platinum, palladium, rhodium, ruthenium, iridium, gold, and silver as well as base metals such as nickel, copper, cobalt, and chrome. It operates through the following segments: Mining, Impala Refining Services, and Other. The Mining segment comprises of Impala, Zimplats, Marula, and Afplats. The Impala Refining Services includes metals purchased and toll-refined materials. The Other segment consists of South Africa, Zimbabwe, and Investment in Associates. The company was founded in 1924 and is headquartered in Northlands, South Africa.
Our opinion on the current state of IMPLATS(IMP)Impala Platinum Holdings (IMP), commonly known as Implats, is the world's third-largest producer of platinum group metals (PGMs). The company has faced significant challenges over the past seven years, primarily due to aggressive union action and legislative uncertainty in South Africa. The CEO has
Impala Platinum new target now UP to R126.27M Formation is now turning into a W Formation
We never had the break down and now it is looking up, along with the platinum price.
So we need to adjust course.
Now we are waiting for a breakout above the Neckline of the W Formation then the next target will be around R126.27
Nature: High Probab
UPDATE: IMP continues to disappoint with the commoditiesM Formation is easily turning into a Triple Top
Price<20
Price>200
Need to wait for breakout for the confirmation. Then the first target will be at R38.07.
It's a bearish outlook for platinum and is a downer for the commodity, but hopefully we get a stock market run up to counter for the drop.
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 R3
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
Impala PLatinum fantastic for upside to R170.35With the PLatinum price running up very nicely and setting it's for a rally - JSE PLatinum stocks are looking almost perfect to buy.
We have a Cup and Handle with a breakout above and confirmed. We'll need to wait for Monday's Open price to confirm above the Breakout.
NATURE: HPT (High Probabil
Our opinion on the current state of IMPLATS(IMP)Impala Platinum Holdings (Implats), ranked as the world's third-largest producer of platinum group metals (PGMs), has faced numerous challenges over the past seven years, including aggressive union action and legislative uncertainty. The company's strategic focus, as stated by the CEO, is on develop
IMP.JSE Impala Platinum Trend Cloud and FIB Study.Impala Platinum's last 1 Month recovery has been stellar to say the Least.
Just goes to show that CONVICTION does Work for those that are Patient.
I've plotted the Fibonacci Levels to see where we could encounter possible Resistance.
As always, please get a few outside Expert's Advice before takin
IMP: counter-testing the bearish trend.Remains a very risky trade.
The insert is the angle of the trend since the start of 2023.
The last part of the price action crossed above the angle trend line, hinting at a possible counter-testing.
Furthermore, a price action above 6800 supports such a bullish trend.
Further bullish confirmation fo
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