ANGLO PLAT - Analysis

One of the platinum stocks that has been severely beaten down form the swing highs (-62%).

Its currently working on its 3rd leg down and target zone remains R860-R790 failing which the gate to R626 opens.

RSI is now in deep oversold territory. I will be watching closely to see how price action develops over the next few sessions.

Traders use the Relative Strength Index (RSI) to assess momentum and overbought/oversold conditions. An RSI above 70 suggests overbought, indicating a potential reversal. RSI below 30 indicates oversold, signaling a buying opportunity. Divergences between price and RSI can indicate trend reversals. RSI works best with other indicators and considering timeframe and context for accurate trading decisions.