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LD_Perspectives

Trade Idea: Short/Sell Impala Platinum

Short
IMPALA PLATINUM HLGS LTD (JSE:IMP)  
LD_Perspectives  
JSE:IMP   IMPALA PLATINUM HLGS LTD
Trend Analysis Chart Patterns Technical Indicators
4
0
trendanalysis chartpattern indicator
Key Technical Drivers

- Volume has declined on the 2nd push higher
- Potential channel breakdown
- Trading at overhead resistance
- Price trading 40% above it's 200dma

Suggested levels:

Short @ market 3247c
TP: 2900c (blue dotted line)
SL: 3460c

In addition, the platinum price is playing out from a bear flag pattern.
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