SteynTrade

JSE:AMS Anglo American Platinum Re-accumulation Trading Range

Long
JSE:AMS   ANGLO AMERICAN PLAT LTD
Anglo Plat has had a good run but has now started to form a trading range. I have been following the accumulation of Anglo Plat since 2018 (See post below). It has had a great run after breaking the accumulation trading range (TR). We have seen a buying climax (BC) signalling the start of a smaller TR during the markup phase E. This could be a re-accumulation and backup to the breakout that is forming. Will watch for the action during the TR to time going long again when this is done. It may take a little time before this happens.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.