Impala, Northam and Valterra: Continuing To Trade Lower In The Ultra Short Term

Research Notes For 02 to 06 June > https://www.unum.capital/post/r0206june

Trade Local & Global Financial Markets with Unum Capital.

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Watch the 8-week EMAs! (see blue horizontal lines as provisional levels)

NPH - Northam Platinum

IMP - Impala Platinum

VAL - Valterra Platinum

Previous Post (Tuesday, 27 May): JSE Platinum Miners: Retreating In Line With Model Readings

On Friday evening we published the Tactical Trading Guide on this website, helping clients get a head start on the week ahead. Following a strong run, it was natural to see the readings for platinum miners caution short term traders against entries near multi-month high. Note, these were also trading in overbought territory. Over the past two sessions we have started to a pullback in the sector with the price CHANGE FROM THE OPENING PRICE of the week as follows. Below that are the time-stamped readings, as you saw on Friday evening:

AMS

IMP

NPH

SSW

Previous Post (Published end of day Friday 23 May for Monday 26 May): +60 Shares Commentary (incl. Bidvest, Dis-Chem & Mr. Price)

Click on the image to enlarge.

Readings as of the close of trade on Friday 23 May.

These are subject to change as the price action develops.

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Short Term (approximately 1 to 10 days)

Medium Term (approximately 2 to 4 weeks)

Long Term (approximately 5 to 8 weeks)

Lester Davids

Senior Investment Analyst: Unum Capital