Analysis: Impala Platinum & Anglo American Platinum
Updated: Aug 15
Pre-Market, Tuesday 15 August 2023
In the property market, buyers often 'pay for the view'. When it comes to a perspective on the market or a particular share, it is often the same where a view can either help one of to make money and/or manage risk by avoiding a share.
While it might be unfashionable to publish monthly charts in a fast-paced world, 'zooming out' has given me the ability to offer a perspective that has helped clients manage risk.
Here's the score:
The AMS share price is down by 65% from March 2021.
The IMP share price is down by 60% from May 2021.
For an enlarged view, click on the arrows in the top right corner of the image
AMS March 2021
IMP May 2021
IMP. New multi-year low for the share, heading for a print below R100 (yesterday’s low = 10244c). We have seen strong downside follow-through over the 4 months with the most recent major medium term signal being the price crossing below it’s 200-Week SMA in a similar manner to the signal seen in September 2008 - highlighted on 08 April at 15998c (see below).
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Analyst: Unum Capital