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Charts, Technical Analysis

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FEK
Super Contributor
Hi Technicians especially Rams and Kwagga, please can you guys supply some technical analysis on Impala. Others please feel free to contribute.
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15 REPLIES 15
Not applicable
seems some support at 140, but its still a weak share in a weak sector. In recent terms also making lower highs. Trend still down. IMO.
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FEK
Super Contributor
Agreed has bounced off R140 several times, trades to around R155 and back down to around R140 over the past few months.
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Rams
Super Contributor
FEK, you long or short?If long: Has to trade above 149, take out 157 and stay above 140, for trend reversal to the upside.Has established an uptrend since 5 September bouncing off support at 125 and making higher lows.If you short : If trades below 140, could go all the way down to 125 and if trades below 125, then next level is 90. Agree with BCO1 on the longer view, as this could just be a correction to the downtrend. Has to stay above 149 and take out 157 for this to be trend reversal
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FEK
Super Contributor
Thanks Rams, I am long, will look at R149 and R157 as important price points.
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FEK
Super Contributor
So is it heading towards that resistance of R157 ?
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Rams
Super Contributor
not much reaction to price on the charts to the 5000% increase in mining licence in ZIM...but volumes have decreased....
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FEK
Super Contributor
R157 looking like being taken out, so whats next target Rams ?
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Rams
Super Contributor
Need to close above 157 with good volume first....
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FEK
Super Contributor
Closed above 157 where to now
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Rams
Super Contributor
nobody knows but entry criteria met, so need exit levels now :...depending on your risk level, stop at 140 or 149. Profit levels; ride the trend and reward yourself along the way.
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Cherry
Regular Contributor
Definitely not a long term hold. The best is to trade derivatives and long/short. Escpecially on CFD's. Futures not liquid and there's where I made profits.
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Rams
Super Contributor
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FEK
Super Contributor
Thanks Rams, so would R157 be support now ? Or will R149 be support ?
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Rams
Super Contributor
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Rams
Super Contributor
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