Watch for a long entryNo trade idea just yet, but keep a close eye on IMP for a potential long once that trendline breaks.
XJSE_IMP_CFD trade ideas
IMP LongJSE:IMP is showing signs for a long position based on the signals from the MACD, Stochastic and the crossing of the 2 EMAs. It has been in a slight downtrend lately, but if it breaks through the highs of mid October, I am quite confident that it will go on to reach our target at the R110 level.
IMP - Potential LongThe stochastic, MACD and the 3 and 5 EMA's are all showing signs that we could see an upward move on $JSE:IMP. If the order is triggered, we would like to see a move all the way to the target at around the R132 level.
