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  • Lester Davids

Anglo American Platinum (AMS) - Wednesday, 10 April 2024

Wednesday, 10 April 2024 | 06h30


Reading Time: 2 Minutes


To trade, or open a new account, contact the Unum Capital Trading Desk: E-mail: tradingdesk@unum.co.za | Call: 011 384 2923



  • Last Daily Candle Structure: Somewhat Poor - Attempt to rally however, closed well off the highs of the day.

  • Short Term Technical Rating at Last Close: Strong

  • Previous Session Short Term Technical Rating: Strong

  • Analyst View: The share has lagged it's peer group's recent rally, with the price largely unchanged over 3 weeks. Considering yesterday's candle structure, I am expecting a further consolidation with an potential attempt to emerge from the base (cup & handle technical formation). The key level here for further upside is 80500c.


Below is yesterday's end of day reading from the Tactical Trading Guide as well as the updated chart.




AMS was recently discussed in a research note (Friday 23 February, Pre-Market), where the reading from the Tactical Trading Guide was highlighted. The share has since moved from R675 to yesterday's high of R836 (a 23% gain).


The original extract (+original chart) is shown below:




Lester Davids

Analyst: Unum Capital

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