Implats down channel fooled us all but not again!

2023년 11월 10일

To think that in January 2023, IMplats was trading at R235.52.

Today, in November we're looking at R73.12.

And yet, it's been an imperceptible downward journey, that even I am too embarassed to realise today.

Hindsight is a Biscuit!

Well anyway, the new downward channel is showing more downside to come with volatile (jumpy) highs and lows which can easily stop out any trader along the way.

But all in all, the target seems to be going to R44.00

I'm bearish...