One of the shares I will be highlighting in the upcoming week's research note(s):
- Long Term Holders: Caution; Test of Prior Multi-Year Breakdown Level and Fibonacci extension.
- Reviewing the monthly chart, it’s important to note the share trading at it’s prior multi-year peak, with the currently pullback being in line with the same breakdown level of July 2008.
- This level also coincides with the 4.236 Fibonacci extension.
- Also note the bearish divergence as per the monthly chart.
- As noted in our prior research note dated 23/03 at R2115, it’s peer Anglo American Platinum traded at a multi-year peak, created an opportunity for long term holder to reduce their positions at attractive levels. As of Friday’s close AMS traded R345 lower to R1770.
- As they say: ‘Sell when you can, not when you’re forced to!’
- Long Term Holders: Caution; Test of Prior Multi-Year Breakdown Level and Fibonacci extension.
- Reviewing the monthly chart, it’s important to note the share trading at it’s prior multi-year peak, with the currently pullback being in line with the same breakdown level of July 2008.
- This level also coincides with the 4.236 Fibonacci extension.
- Also note the bearish divergence as per the monthly chart.
- As noted in our prior research note dated 23/03 at R2115, it’s peer Anglo American Platinum traded at a multi-year peak, created an opportunity for long term holder to reduce their positions at attractive levels. As of Friday’s close AMS traded R345 lower to R1770.
- As they say: ‘Sell when you can, not when you’re forced to!’
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.