Po­si­tion

Finweek English Edition - - INVESTMENT -

We an­tic­i­pate POS­SI­BLE SCE­NARIO: a pos­i­tive break out of the sym­met­ri­cal tri­an­gle, con­firmed above 50 005c/share. This move should re­store in­vestor con­fi­dence and fuel a re­cov­ery through the 53 000c/share prior high – to the 59 230c/ put­ers. Last year, Europe had its worst year of car sales, yet de­mand for plat­inum stayed rel­a­tively f lat. This year, Europe should sign leg­is­la­tion to limit car emis­sions, un­timely ag­gre­gat­ing the need for more plat­inum in ex­haust cat­a­lysts. With the rand slowly de­clin­ing and the dol­lar ap­pre­ci­at­ing, Am­plats should ben­e­fit since it pays its costs in rand but sells its out­put in dol­lars. share up­side tar­get in the short term. Hav­ing breached the re­sis­tance trend­line of its long-term bear trend, the monthly chart sug­gests that Am­plats has po­ten­tial to retest its 2009 prior high in the long term (one to two years) at 83 100c/share. There­fore, we rec­om­mend in­vestors go long, or reload long po­si­tions above 50 005c/share.

Our bul­lALTERNATIVE SCE­NARIO: ish call would be de­fied below 45 000c/ share and Am­plats could drop to the 35 775c/share down­side tar­get of its sym­met­ri­cal tri­an­gle.

An­glo Amer­i­can Plat­inum

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