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🖥️Technical Screen: Breaking Below The 8-Day EMA

Writer: Lester Davids
Lester Davids
42 minutes ago
3 min read

Published post-market close on Wednesday 14 October for Thursday 15 October.


Disclosure: The screen below was compiled using an artificial intelligence tool, based on my own data.


The counters that confirmed a breakdown or rejection below their 8-day dynamic EMA across the latest tape session are detailed below, grouped by sector and breakdown profile:


1. Platinum Group Metals (PGMs) | Squeeze Invalidation & Markdown

  • Valterra Platinum Limited (VAL)

    • Current Close: 121,383 ZAC

    • 8-day EMA: 124,715 ZAC (Broken below by −3,332 ZAC / −2.67%)

    • Tape Failure: Sliced aggressively below its 8D EMA on a −4.75% decline with a heavy −3.67% open-to-close distribution spread, completely invalidating the prior session's hammer candle and trapping breakout buyers.

  • Impala Platinum Holdings Limited (IMP)

    • Current Close: 18,002 ZAC

    • 8-day EMA: 18,630 ZAC (Broken below by −628 ZAC / −3.37%)

    • Tape Failure: Shattered its fast 8D EMA on a −4.24% session drop and a severe −4.70% open-to-close spread, resuming its primary downtrend toward 17,761 ZAC.

  • Northam Platinum Holdings Limited (NPH)

    • Current Close: 24,309 ZAC

    • 8-day EMA: 24,837 ZAC (Broken below by −528 ZAC / −2.13%)

    • Tape Failure: Slid −1.98% on a −3.54% open-to-close bleed, failing to defend dynamic short-term support and fanning ribbons downward.

2. Gold Producers | Momentum Breakdown & Channel Violations

  • AngloGold Ashanti plc (ANG)

    • Current Close: 147,885 ZAC

    • 8-day EMA: 152,326 ZAC (Broken below by −4,441 ZAC / −2.92%)

    • Tape Failure: Lost its fast dynamic 8D EMA support on a −2.45% session decline (−5.81% multi-day), confirming tactical momentum rollover and pulling the broader gold complex into a corrective phase.

  • Gold Fields Limited (GFI)

    • Current Close: 59,316 ZAC

    • 8-day EMA: 60,215 ZAC (Broken below by −899 ZAC / −1.49%)

    • Tape Failure: Confirmed an intraday rejection at the 8D EMA, falling −1.79% on the day (−3.86% multi-day) to close pinned under dynamic supply.

  • Pan African Resources plc (PAN)

    • Current Close: 2,499 ZAC

    • 8-day EMA: 2,561 ZAC (Broken below by −62 ZAC / −2.42%)

    • Tape Failure: Dropped −1.73% on a violent −5.70% open-to-close distribution spread, slicing through the 8D EMA on heavy afternoon volume.

  • DRDGOLD Limited (DRD)

    • Current Close: 4,005 ZAC

    • 8-day EMA: 4,047 ZAC (Broken below by −42 ZAC / −1.04%)

    • Tape Failure: Extended its sub-ribbon distribution (−2.08% day, −4.64% multi-day), cracking below 8D EMA support to test the 4,000 ZAC baseline.

3. Energy & Clean Fuels | Parabolic Rollover

  • Montauk Renewables, Inc. (MKR)

    • Current Close: 3,781 ZAC

    • 8-day EMA: 4,216 ZAC (Broken below by −435 ZAC / −10.32%)

    • Tape Failure: Suffered a severe momentum exhaustion rollover, plunging −5.10% on a −5.48% open-to-close spread, severing both its 8D (4,216 ZAC) and 21D (4,192 ZAC) EMAs in a single session.

4. Commercial Real Estate | Support Shelf Breakdown

  • Growthpoint Properties Limited (GRT)

    • Current Close: 1,534 ZAC

    • 8-day EMA: 1,572 ZAC (Broken below by −38 ZAC / −2.42%)

    • Tape Failure: Severe commercial office liquidation saw price drop −4.30% on the session, cleanly severing its 8D EMA (1,572 ZAC) and 21D EMA (1,587 ZAC) to enter an active markdown phase.

5. Mid-Cap Tech & Electronics | Dynamic Ceiling Rejections

  • Altron Limited Class A (AEL)

    • Current Close: 2,628 ZAC

    • 8-day EMA: 2,678 ZAC (Broken below by −50 ZAC / −1.87%)

    • Tape Failure: Slid −2.52% on the session (−4.26% multi-day), failing to hold short-term dynamic support and breaking beneath both the 8D and 21D (2,693 ZAC) EMAs.




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