Impala Within Value Zone
Impala platinum mines is hovering just above the COVID closing prices, indicators show that price is stretched to the downside while volume shows buyers stepping in around an area of value. The blue line represents the confirmation of a weekly cycle low when we close above it, the green line represents the yearly trendline when we close above it we have confirmed a yearly low.
Note
IMP is on the cusp of confirming a yearly low price, we had a nice move after confirming the weekly low. Positive divergence means we must get a good rally to the upside.
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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.
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.