Bullish flag on Impala PlatJSE:IMP
A nice bullish flag, after the 50 day MA held on the share. Stop around the 149 level and targeting the 214 levels.
IMPUY trade ideas
IMPALA PLATINUM HOLDINGSI Started buying around may 2019
- i will be looking to buy more around the R9600 REGION DISCOUNTED OR PREMIUM YOU CHOOSE
- R12000 REGION ALSO LOOKS LIKE A FAIR BUY.
### TIME WILL ONLY TELL
Impala Platinum HoldingsI am anticipating a full impulse wave count to the the upside. the corona virus fall retested our key neckline level to give us confidence to the upside
IMPThis chart forms part of a larger research note. None of the information posted here (TV) should be considered financial advice.
IMP was one of a few shares that recently breached their incline support following a sharp run-up. As we’ve seen previously (for e.g. DRD Gold and Sasol), a break of the incline is not necessarily an immediate sell signal, but rather an opportunity to wait for a pullback for re-entry to ride the potentially sharp back-test. As at Friday’s close, the ‘buy/long’ risk-to-reward remained unattractive with a downside bias. Remember the share is up from 4500c in March (buy/long recommendation at 5200c on 18 March) to 13500c last week, and if you know me by know, you’ll know that I’m not in favour of chasing after a massive run-up. So where would I be interested on the long side? The 9800c to 10000c level has proven to be a zone that attracted buyers in the past, and if history is anything to go by, may prove to be the case once again. On the chart you’ll notice my price action scenario (annotations in red and green). Provisional levels are as follows: Accumulation 9750c – 9900c. Should the price move against us, a stop-loss of 9300c is recommended. Take Profit Target: 11800c-12200c.
Impala - Double top ( Daily & 240 min)It seems a double top was formed on daily & 240 min charts with RSI divergence evident on 240 min.
Technically the double bottom scenario only becomes valid once the support level between 10000 & 9700 is broken.
When one considers the Platinum chart it seems that the price is sliding down and that Impala will follow suit.
Although the double bottom pattern is not confirmed yet, the bigger picture shows high probability that an early short entry is worth the risk.
If the double bottom pattern confirms by breaking the support level, a downside target of <7500 is likely.
TRADE
Sell @ 11100
Stop @ 12100
Target 1 @ 7500
Risk = 1000
Reward = 3600
Will Impala breakout?After the rapid decline between middle February and middle March this year, Impala (IMP) more than doubled from its lows. The next movement for IMP will be significant, and it will determine the direction of the break out of the Descending Triangle. The share price has recently found strong support from its 21-day Exponential Moving Average (EMA), with primary support (R103.50) again holding up. A break and close above the 50-day EMA (at R106.70), could see IMP test its April highs of R125.50 again over the shorter-term. IMP has lost some of its momentum lately, but still finds itself in positive territory. The share price relative to the Palladium price in Rand is looking a lot better compared to levels seen at the end of 2019 and although not oversold anymore, still confirms a possible entry at current levels.
Also read our full report on Impala here: oldoak.co.za
Impala Platinum (IMP) still range boundAlthough Implats (IMP) closed strong on Friday (15 May 2020), it failed to break the current downward resistance (symmetrical wedge). It also seems to struggle to break the 50 EMA convincingly (10 EMA < 20 EMA <50 EMA). Price is range bound between 9700 and 11600 and will first need to break 11600 convincingly for a long entry. There is still time for movement within the wedge and range.
$JSEIMP Implats Rise and fall.Implats giving it's 202% share appreciation since May 2019 all back. 68% drop in a short period of time.
IMP - Bullish EngulfingJust by purely looking at the charts, JSE:IMP has formed a bullish engulfing chart pattern and we could see an upward move confirmed by the stochastic.
I am remaining cautious as the world markets are all majorly down this morning, so I will definitely wait for a solid confirmation before entering long.
IMP LongIMP bounce on Trend line resistance and volatility is up
After yesterdays nee jerk reactions to the budget speech
and over selling the stock is prime for a surge up
today is expected some positive growth on over selling pressure
IMPALA PLATINUM HLDGSLooking for more bears to come into play as this is at the very mature Fib level of retracement, I am looking for a drop
IMPALA PLATINUM HOLDINGSCurrently at the 61.8 Fib level, we anticipate a pullback respecting the Fibonacci tool plus buyers have been dominant we need a bit of sellers
Weekly game plan 26 January 2020 - IMPSupport needs to hold, else highly likely to see a move back down to the longer-term trend line.
IMPALA: A BEAUTIFUL YEARLY Chart; 40.00 within 24 MonthsThis is one of the most bullish stocks in the entire precious metals market right now. It behooves me that rarely anyone talks about it, especially, since they acquired the 2nd largest Palladium mine in the world from from Thunder Bay, Ontario, Canada. From looking at the current price of Palladium and the future, it is a big deal.
I have said enough about this stock over the past few months so I won't bore anyone further, but for a stable stock that is going to 40.00+ within 24 months, I suggest investing in IMPALA on every 2% decline and holding.
- zSplit
