Anglo Platinum is down significantly from its all time high of R2675,38 and the 14% rally of yesterday has created some market excitement.
Taking a look at the bug picture, the stock seems to be making a large (ABC) zigzag bear from the all time high.
Wave (A) was a very large and extended impulse and wave (C) is also unfolding as an impulse.
Wave (C) looks to have completed wave 1 to 3 and from R932,03 the bounce is for wave 4.
Wave 4 can push higher but for this outlook to remain valid, wave 4 must terminate below R1337,70.
I forecast one more push lower to complete wave 5 as my preferred count.
Taking a look at the bug picture, the stock seems to be making a large (ABC) zigzag bear from the all time high.
Wave (A) was a very large and extended impulse and wave (C) is also unfolding as an impulse.
Wave (C) looks to have completed wave 1 to 3 and from R932,03 the bounce is for wave 4.
Wave 4 can push higher but for this outlook to remain valid, wave 4 must terminate below R1337,70.
I forecast one more push lower to complete wave 5 as my preferred count.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.