IMPUY trade ideas
IMPALA PLATINUMWe have a sell entry on Impala with the reason being the RSI Divergence and the correction being completed.
#JSEIMP - IMPALA SHORT Idea- Stock has has a solid run and looks set for a breather
- TP & SL on chart
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
IMPALA: A Precious Metals Holder for DecadesImpala is one of the largest Platinum producers in the world, and an extremely cheap stock when one studies their balance sheet.
South African in descent, this company has made some exceptional acquisitions with the latest in North American Palladium (Ticker: PDL; Canadian producer in Thunder Bay, Ontario) which is one of the top producing Palladium mines in the world. Palladium's necessity is expected to increase tremendously in book price over the long term as the world turns to a more "cleaner" form of transportation.
With Platinum still somewhat stagnant, now is the time to invest in IMPALA as once Platinum breaks 1000.00 USD/oz in the next month this stock will take off. Short interest in this company is also decreasing significantly and once they become more extinguished, the price will tick higher drastically.; this company also offers exposure to other metals like Rhodium.
This is one of the most stable stocks on the market.
Moreover, because of their significant acquisitions over the past 5-10 years, this is a stock to hold not just for this upcoming precious metals bull run, but also for ever, as Palladium for example will continue to be "in need" for decades to come for catalytic converters, hydrogen fuel cells and medical equipment.
- zSplit
Pause For Implats?Pause For Implats? - Monthly Chart: During October 2008 and June 2013 we saw the price price support at around R95 to R100. During this cycle the price is re-testing these support levels with the price, on a short term basis, finding sellers at the 104 to 107 level. We may now see a scenario where the prior support turns into a temporary resistance zone.
JSE:IMP Major divergence for short term reversalWith the recent bull run slowing down, the RSI has been diverging away from price indicating short term reversal.
A break below might target 50% fib.
RSI is already below 50
The Top 5 shares with the strongest bullish trendMeasured over daily, weekly and monthly time frequencies
The universe is the constituents of the JSE All Share index.
All resources!
IMP RSI Divergence indicatedIMP Possible short brewing
RSI in Divergence not agreeing with indicators
IMP in overbought territory
IMPALA: Greatest Stock to Follow Upcoming Plat RunThis is one of the best performers and undervalued stocks that follows platinum quite well and has 400% to grow over the course of the next 2 or 3 years.
The current chart analysis clearly shows a long swing up with an eventual slight correction at the top of the trough (around 9.00 and change) before soaring later in the year and towards next year.
DPO, RSI, Mom, Vigor and bullish volume continues to rise.
- zSplit
$JSEIMPIMPALA PLATINUM seems to be forming a top, the WEEKLY RSI is oversold but is not pointing down yet. We are watching for more confirmation to enter a SHORT position with a target at the next support level around R70.00
IMP - Impala Platinum Looking to go to R90 target.IMP is trading back above its 5day EMA and looking to resume its uptrend after a 2 month consolidation between the R70.00-R80.50 zones.
$IMP Impala Platinum - Bear Flag Formation (Short Term View) 60-min chart:
Price breaking below channel support, potentially setting up a bear flag.
This coincides with a rejection of the hourly 200-simple moving average.
Further confirmation is weakness below 7470c.
Support and possible target of around at 7089c to 7160c.
JSE:IMP
$IMPU IMPALA PLATINUM BOASTS PROSPECTS. Impala Platinum (OTCQX:IMPUY -1.7%) said that higher realized rand platinum group metals price, improved operational performance and higher sales volumes have contributed to increase in its fiscal gross profit.The company expects to report gross profit of R6.8B, compared with R1.1B last year; anticipates headline earnings of between R2.92B - R3.16B and headline EPS of ~406c - 440c.
The company will publish its results on September 5. Source Seeking alpha.
JSE:IMP Impala Testing the Top of the Trading RangeAfter a great run, Impala may be exhausted (See post below as we followed it on the way up). Now it has formed a smaller TR at the top of the larger TR. The smaller TR looks like distribution and could indicate that price can start moving down again within the larger TR. Divergence on the volume RSI points to selling pressure and high volume down could indicate an upthrust (UT). Price could possibly range at the top for a little longer but possibly we are looking to a break lower.
IMPLATS- Waiting for a kiss goodbyeImpala Platinum certainly has been on a tear since October last year with hardly any pull-back in between. Having broken above a "top resistance" level on the weekly chart, it appears the bullish sentiment is set to continue.
I think the next dip can be bought and I have orders in the market at (and just below) that break-out zone.
My momentum indicators and RSI are still looking strong so my only hope here is that I don't MISS!
$JSEIMP - On the verge of another breakout.#Impala broke out from a key level (70.00) and is now looking to breakout even higher (73.00)
