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Supoort Levels breached

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foschinni
Contributor
Watch this one very closely. ROM in perfect buy zone. MA's stabilising.. Awaiting further confirmation
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3 REPLIES 3
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The plat stocks most likely to rally the furtherest from here are lonmin and implats - they are looking the strongest. Jubilee for the speculators is also ready to push, by the looks of it. I don't think NHM is looking poised to go anywhere soon, but that is just me. If you ask me, NHM would be my best shorting candidate if the plat price started to reverse, but this also doesn't seem like a likely scenario
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foschinni
Contributor
how do you substantiate your theory?
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classic TA 101. Implats & Lonmin showing relative strength to their counterparts, with Implats looking like it is breaking out of its resistance channel. Northam testing support and falling in a rising plat market - thereby showing relative weakness. Classic TA suggests trade the winners and ditch/short the laggers
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