Trade Platinum Shares with Unum Capital.
To get started, email lester@unum.co.za
The share is now running +35% from our 28-February note: "Long Term Cycle Ready To Unfold?"
The 7-day trend is strong, and the 14-day trend is bullish, indicating a potential upward movement. For the short term, the market is in or commencing an upward trend, but traders should monitor for a failure to hold prior session range highs, which could present a short-sell opportunity. In the medium term, the market is attempting a bullish reversal following a consolidation phase. For the long term, the market is attempting a rebound from a downward trend, although it may consolidate further before continuing higher. A sound strategy would be to consider both long and short positions in the short term, depending on the price action, while maintaining a bullish outlook for the medium and long term.
Previous Post: Update: Sibanye Running +26% | Northam Running +30%
Originally published and discussed here ('Long Term Cycle Ready To Unfold'): https://www.unum.capital/post/ssw-long-term
Updated/Current Chart:
It's also worth noting that the price action model gave us a 'heads up' that the share was becoming attractive for a small buy/long position. (Time-stamped for end of 27 February. Actually low was the following session Friday 28 February).
Northam Platinum - exact same as SSW - running +30%
Previous Post: Unum Capital Clients Benefit From Top Weekly Performers
Out of the 101 local shares on my watchlist, NPH, IMP, SSW and ARI were the top performers (as of 11h15 on Friday morning). All four (4) were timeously discussed and highlighted in our research.
Impala Platinum, Northam Platinum & Sibanye Stillwater https://www.unum.capital/post/plat-shares-gain
Sibanye Stillwater (Single Post) https://www.unum.capital/post/sibanye-gain
African Rainbow Minerals https://www.unum.capital/post/afrirain-cash
Lester Davids
Analyst: Unum Capital
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