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Impala Platinum Holdings Ltd.Impala Platinum Holdings Ltd.Impala Platinum Holdings Ltd.

Impala Platinum Holdings Ltd.

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IMPUY trade ideas

Impala Platinum: In a Potential Reversal ZoneIf platinum miners are showing strength then we can expect Impala to join the bandwagon, in that case we look at weekly trend being confirmed through the following: 1. Closing above the blue line means we are in a new weekly cycle meaning higher for longer. 2. Closing above the green line means we are in a new yearly cycle, the dashed purple line becomes a magnet. For now we watch & wait for confirmation, more risk accepting investors can buy on the swing low confirmation while less risk accepting can wait for a close above the blue trendline.
JSE:IMPLong
by runyamhere
IMP: Entering the Sell the Bounce PhaseGiven the price action in the USD dollar index ($DXY), we can expect downward pressure on precious metals, Platinum already has a failed daily cycle, meaning the platinum miners will follow. Impala has found support on the 200DMA which will attract traders. As can be seen, price fell out of a rising wedge (bearish), so the bounce in price has can either: 1. Rise to back test the wedge support it fell from. 2. Move to touch the declining trendline intersecting the wedge support line. A swing high on the bounce gives room to open/add to short position from where price is expected to break through the 200DMA. The lower trendline is a good place to close shorts & seek a long.
JSE:IMPShort
by runyamhere
1
$JSEIMP - Impala Platinum: More Pain In StoreI have taken some time to come up with long-term wave count of Impala Platinum. PGMs on the JSE have taken a beating of late and many industry commentators are saying now is the right time to buy as these stocks are very cheap. Well, I have to caution that Impala might still get even cheaper. Looking at the chart from August 2018, which is the bottom of the great bear market from 2008/9, the advance to 30919 is in a clear five waves and since wave (4) terminated in the price territory of wave (1), this is a leading diagonal and not an impulse. The bear trend from 30919 looks to be unfolding as a zigzag pattern which is contained in the descending channel. Wave (A) was a choppy impulse. Wave (B) unfolded as a zigzag. Wave (C) looks to be unfolding as an impulse and currently in wave 3. Using the Fibonacci expansion guidelines, 7650 and 3818 represents the price range where wave (C) equals and is 1.236*greater than wave (A) and this zone confluences with the lower support line of the channel. Only a break above 15939 will prompt a re-evaluation of the wave count but not invalidating it. Short the rallies.
JSE:IMPShort
by Loyiso_BlaqueSoros_Mpeta
1
IMP - Distance vs 200w SMAEXTRACT FROM LARGER COMMENTARY “....We know that the long term supply level has been around R250 to R290. These levels were also relevant in 2007 and in 2011 (no coincidence). At current levels, the share is potentially breaking down from a 2-year topping structure. While these levels may be widely know, it's the lower panel that has piqued my interest. Flipping through my charts this morning here’s what I saw: Note the price distance vs the 200-w SMA has slipped below zero percent? This is a similar development to what we saw in September 2008 where the negative reading coincided with the start of a multi-year bearish trend. Yesterday we saw Northam holding back on their dividend which saw a strong intraday sell-off. Is this a read for the entire sector or is it confined to NPH who, along with IMP, is involved in some corporate action (re: RBP)...”
JSE:IMP
by techpers
1
IMP - Distance vs 200w SMAExtract from a note published earlier today. Over the years, I have done well to call the direction of Impala Platinum (IMP), most of which has been to help our clients and followers of my work identify key levels and understand the prevailing reward-to-risk. While I’ve also had several short term (CFD) trade ideas for our active traders, I will focus on the long term, structural calls. On 18 September 2018 (at 1926c), I presented my perspective of the MONTHLY CHART. After the market close on that day, I publicly tweeted the chart to my followers/connections. See the original tweet below (time-stamped). On 14 May 2021 (nearly 2 years ago) I again tweeted about the share, highlighting the potential for downside risk. Most of us know that IMP hasn't been able to crack the R300 level, with sellers pushing the share close to R140 last year while the last close was around R166. See the original tweet below (time-stamped). Where To Next for Impala Platinum? In the weekly chart below, the following is displayed: Upper Panel: IMP share price Lower Panel: IMP distance vs 200-Week Simple Moving Average in Pct Term Click to enlarge We know that the long term supply level has been around R250 to R290. These levels were also relevant in 2007 and in 2011 (no coincidence). At current levels, the share is potentially breaking down from a 2-year topping structure. While these levels may be widely know, it's the lower panel that has piqued my interest. Flipping through my charts this morning here’s what I saw: Note the price distance vs the 200-w SMA has slipped below zero percent? This is a similar development to what we saw in September 2008 where the negative reading coincided with the start of a multi-year bearish trend. Yesterday we saw Northam holding back on their dividend which saw a strong intraday sell-off. Is this a read for the entire sector or is it confined to NPH who, along with IMP, is involved in some corporate action (re: RBP). Bottom Line: While these businesses are in a much better condition these days and platinum is due to go into a deficit, the smallest of such technical signals mentioned above may be worth paying attention to. As always, technical analysis should not be seen as a predictive tool, but rather a risk management tool.
JSE:IMP
by techpers
PGMs Relative To Top 40This insight was published on our client platform yesterday evening. For more of these research insights (including trade ideas), get in touch today. Sector of The Week: Platinum & Precious Metals The relative trend is down, with the sector near a 3-year low versus the market. Considering the momentum readings, the 14-day RSI shows strong momentum to the downside but also a excessively oversold conditions with the prior peaks and troughs coinciding with turns in the relative performance of the sector vs the index. Chart: PGMs Relative To The Top 40 Index
JSE:IMP
by techpers
1
IMplats long after a extended sideways move Target R259.69Cup and Handle has formed on Implats. The price has broken out and is meandering sideways before the next move up. Platinum companies as well as the precious metal is setting itself for great upside as investors and instiutions are piling their funds into the metal as a form of safe haven... We are going old school right now where the old ways work better than investing in unstable Cryptos... More bullish signs 7 > 21 > 200 Target R259.69 Bullish
JSE:IMPLong
by Timonrosso