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Angloamericanplatinum

Anglo American Plats rare metal and rare formation showing upsidBroadening Formation (Vuvuzela) and W Formation is forming on AngloPlats. We are seeing synergy with the upside with the platinum price and platinum stocks. I guess no suprise knowing they work in tandem with each other. Also, there is a good chanc eof upside with the price above both: Price>20 and Price>200 Wait for break above the necklines and we could get a Target of R1,001 Moving onto the fundamentals: The increase in Anglo American Platinum's stock price in 2024 can be connected to the broader market dynamics affecting platinum prices. Factors like a global supply deficit, driven by production challenges and rising demand from sectors such as automotive and green technologies, contribute to the metal's price increase. As Anglo American Platinum is a major producer of platinum, these market conditions likely positively impact the company's stock price by enhancing profitability prospects due to higher platinum prices.
JSE:AMSLong
by Timonrosso
Anglo American PLatinum just chose a direction - DOWN to R743.65After 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 African company and is the world's leading primary producer of platinum group metals (PGMs). The company was incorporated in 1946. Amplats is a member of the Anglo American plc Group, a multinational mining company with a diverse range of mining operations worldwide. The company is listed on the Johannesburg Stock Exchange (JSE) under the ticker symbol AMS. Anglo American Platinum operates a portfolio of mines across South Africa and in Zimbabwe. Their portfolio includes key operations such as Mogalakwena, Amandelbult, Unki, and Mototolo. In addition to mining, the company is also involved in smelting, refining, and the marketing of platinum group metals. Amplats produces several PGMs, including platinum, palladium, rhodium, iridium, ruthenium, and osmium. The company's products are used in a wide range of industries, from jewelry to automobile catalytic converters, in electronics, and for industrial applications. HOW IT GOT ITS NAME Anglo American Platinum Limited, often referred to as Amplats, derived its name from its parent company, Anglo American plc, and its primary business of platinum production. "Anglo American" reflects the origins of the parent company, which was established in 1917 by Sir Ernest Oppenheimer. The company was initially funded by British and American capital, hence the name "Anglo American."
JSE:AMSShort
by Timonrosso
2
Anglo Plat showing strong upside with inv C7&H to R1,500Inverse 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 block has formed below the handle of the cup Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades. Bullish Bias
JSE:AMSLong
by Timonrosso
Anglo American PLatinum setting for upside potential to R1,644Potential 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 because Smart Money comes in sweeps the selling from (Shorters) and long traders who gets stopped. They buy into the orders, which push the price up. This gives bullish bias.
JSE:AMSLong
by Timonrosso