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Impala Platinum Generating Cash: Short Term Traders Are Capitalizing On The Volatility As The Share Rebounds Off The 8-Week EMA

  • Writer: Lester Davids
    Lester Davids
  • Aug 4
  • 1 min read

Research Notes 04 - 08 August > https://www.unum.capital/post/r0408august

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The share did not get to our range of 15700c/16300c but instead traded into and rebounded off the 8-week EMA (as noted in the previous commentary):


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Previous Post (25 July): Trading Impala Platinum: Provisional Buy Re-Entry Range

◦ Remains in a bullish regime with the share having tested multi-month highs.

◦ The rising 8-week EMA is above it's rising 21-week EMA which confirms the bullish regime.

◦ Buy re-entry on a pullback to the rising 8-week EMA, which is likely to act a support zone for medium term traders

◦ Provisional Range: 15700c to 16300c


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Lester Davids

Senior Investment Analyst: Unum Capital

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