Impala Platinum - Oversold or more downside to follow?

18 ส.ค. 2023

Commodities stocks have been smashed thanks to a stronger Dollar and the pain does not seem to be over. Impala broke some key levels of support and just when we holed there might be some support at around 116,90 - that level gave way too! Going forward, although looking more like panic selling and possibly oversold in the short run, the next level of serious support lies at R70.