Hey guys. interested to hear anyone else's thoughts on Amplats? To my mind, it has reached restistance on trend going back to highs of 10 May 06, 3 Jul, 25 Aug, 26 Feb. So have personally reached my target, thus taking some profit (have to stick to my rules ey!). Any thoughts on whether we will see this breaking new levels though? Guess the next couple days will tell! SB trading recommendation recons it needs to break about 115500 to set new trend. Any thoughts/views?
YNWA, thanks for the redirect. but are they talking investment or trading here? I agree that still lots of upside, my thoughts are more around the short term here, whether it (AMS) will hit resistance and provide a new buying opportunity, or whether it will simply proceed now and hit new levels. what concerns me about todays quick movement on AMS, is it is very low volumes. only R12mil at the moment.
k....maybe try installments for short term...less pain....until the resistance is breached or confirmed.....if breached you can still hold the installment but add something more highly geared...just a thought. Adios.