Platinum looks like its poised for the next leg upwards
The signals on platinum are suggesting that it's close to its bottom and should start its next let upwards within the next week or so.
Some of the platinum miners look like they are in need of a retracement and consolidation phase after some large gains over the past year. A company like Anglo American Plat Ltd looks like its over bought, however, if the platinum price has a spike upwards, the share price of a company like Anglo American Plat Ltd could continue to see higher re-ratings in the share price.
Lets see what happens...
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Some of the platinum miners look like they are in need of a retracement and consolidation phase after some large gains over the past year. A company like Anglo American Plat Ltd looks like its over bought, however, if the platinum price has a spike upwards, the share price of a company like Anglo American Plat Ltd could continue to see higher re-ratings in the share price.
Lets see what happens...
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
