RossLarter

Possible long entry on Impala Platinum

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JSE:IMP   IMPALA PLATINUM HLGS LTD
IMP is looking good for a long position. The stochastic has crossed upwards from below 20 and the MACD crossed upwards yesterday. The moving averages haven't crossed yet, but a doji formed on the 5th of October which serves as a signal for a possible turning point in the market.

We are looking at a target around the previous resistance at about the 17500 level.
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