Anglo American Plat Ltd looks really overbought
Everything about this chart is telling me that the stock needs to retrace and perhaps consolidate at lower levels before its next leg upwards. At face value the company appears to be heavily overbought. I would usually take significant profits at this point, however, the price of platinum looks really bullish.
Its a case of reconciling whats been priced into vs the implications of a higher platinum price.
So what is one to do?
I'm incline to say take some profits...
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Its a case of reconciling whats been priced into vs the implications of a higher platinum price.
So what is one to do?
I'm incline to say take some profits...
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
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