Trading Northam Platinum: Here's What The Data Says

Research Notes For 19 to 23 May > https://www.unum.capital/post/r1923may

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• Short Term (1 to 10 trading days): Northam Platinum is consolidating within an upward trend. If the 8-EMA has been breached, the 21-EMA is a potential buy range.

• Medium Term (next 2 to 4 weeks): Northam Platinum is in or commencing an upward trend. However, strongly consider the potential failure to hold prior session range highs, which will create a tactical short-sell opportunity.

• Long Term (next 5 to 8 weeks): Northam Platinum is attempting a bullish reversal following a consolidation phase.

  
  

In the short term, Northam Platinum is consolidating within an upward trend, with the 21-EMA acting as a potential buy range if the 8-EMA has been breached. In the medium term, while in or commencing an upward trend, there's a significant consideration for a potential short-sell opportunity if prior session range highs fail to hold. Looking at the long term, the asset is attempting a bullish reversal after a period of consolidation.

Lester Davids

Senior Investment Analyst: Unum Capital