NPH.JSE Northam Platinum Prints a Cup & Handle Pattern

Oct 2, 2024

Northam Platinum Prints a Cup & Handle Pattern which is Bullish.
The Target Zone has been Project Up to show a Potential Upside of +- 19%

Remember these Patterns are only on average about 75% correct, and need Patience and Conviction to play out.

As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.

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Regards Graham.

Oct 3, 2024

Note

Looks to Print 2 Handles.
Possible weakness due to Geopolitical Tensions?

Oct 7, 2024

Note

High Resistance around R118 Area. The big guys need to come in.
Conviction and time / patience needed.

Oct 8, 2024

Note

2 More Handles Added.

Oct 28, 2024

Note

Both Targets achieved.
Holding.

Dec 12, 2024

Trade active

The Price retreated after Targets were achieved.
Back to a support Zone, and a possible retrace for some upside in 2025.
Will watch and Update Soon.

Jan 17

Trade closed: target reached

A new Cup and Handle is forming.
Will re-do this chart soon.
Highs Target is lower than before at +- R130

Feb 11

Note

PGM's and Trump Tariffs - with a zero Green position severely hurt's this sector big time.
As always, the fundamentals, will override technical's.

2 days ago

Note

Northam CEO says platinum market "will turn" from current slump.