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  • Writer's picturePeet Serfontein

Analyst Thoughts - Top 40 Medium-Term

THE PERSISTENT VIEW MAINTAINED DURING AN ONGOING CONSOLIDATION IN THE PRICE ACTION.


  • General view: Ongoing consolidation within the PM price range should eventually result in a bull trend to T2, as illustrated.

  • Interim:

    • The preferred outlook is for A,B,C gains, followed by W,X,Y downside.

    • Current phase B is expected to continue over the immediate future within the R0*/S1* parameters.

    • R0* will confirm Phase C upside and S1* will extend downside to S2 and M.

  • Execution: Contrarian trading at extended levels.



Target and Re-assessment Levels:

Important Levels: R0* and S1*

Primary Trend: ABC bull phase to P, followed by WXY downside to M

Prevailing Trend: R0*/S1* consolidation

Monthly Range: R0*/S1*

Technical Rating: Speculative on interim detail



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