M 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 R38.00. We definitely need to wait for the breakout and a strong...
This stock is in a good position to give us some healthy gains. First we need to gain the internal structure going higher than 8400 at least, then hold 7700 to continue the move to 12000, else it will fail and create a new low, local to a higher time frame. But this spot is key at the moment, keep a close eye from tomorrow morning open...
Platinum corrected to pre-pandemic Trend and is following in this pattern. 3 strong pullbacks displayd with regression trends before breakouts. Accumulated the last month for change of direction to follow trend. Waiting on EMA to confirm Bullish action. From a political standpoint it's inevitabe that the price should increase due to vaccine rollouts,...
JSE:IMP Given the weakness in the platinum miners and resource stocks in general in the last few weeks, it takes some bravery/optimism/fondness for punishment to start nibbling at long positions. Some resource stocks, and platinum miners in particular, are tilting bullish. on JSE:IMP : - Golden cross & bullish confirmation on 1D MACD - Bullish divergence on...
Watching this share closely today. Idea update to follow
RobbyP, on our Unum Capital Trading desk, asked me look at Implats (IMP) vs Amplats (AMS) for a pairs trade. Unfortunately this trend doesn't look like it has reversed, so I'm staying away.
1st support :- 7800 2nd support :- 7310 Closing below 7310 will lead to more lower levels.
Aussie is making a sharp decline for the last few trading days with an extended structure seen down from 0.7678 that we see it as wave 3) which will normally touch 161.8% Fib. extension level. This one is placed near 0.7440 which is not far away so traders will have to be aware of a corrective bounce this week; up into wave 4).