Big boys painting that wall. Watch it disappear the moment we push through.
Northam Platinum HLDGS (JSE: NPH) share price, discussion & sentiment
Last tradedWhat the community is saying
Investors are bullish on Northam Platinum, noting the stock climbing toward 237.54 with optimistic momentum, though they observe heavy algorithmic resistance at multiple price points including walls at 235, 239.50, and 240 that are impeding the stock's upward movement.
Summarized from 8 posts · updated nightly
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big boys painting walls again, classic move
Wall at 240 looks suspicious. Someone's fighting the move hard.
@loadshed_lindi what's driving this today though, or just algos pushing off that wall?
Big wall getting demolished. Someone knows something.
Big wall at 239.50, algos painting it fresh. Classic move.
Big wall at 230, who's propping that up I wonder
sorry if this is obvious, but why is platinum so cheap compared to gold right now?
@bayman_jse yeah, 230 looks real solid. algos definitely boxing it in
Springboks didn't build a dynasty on one match, neither does NPH
Come on, break through 235!
Platinum's been in the bin for years and NPH's still trying to prove it can make decent returns at these prices. At 229.00 you're betting on a commodity recovery plus execution on their expansion, which ja no, is a lot to ask. Impala and Sibanye haven't exactly set the world on fire either, so good luck with that thesis.
231.28 and through the 230 wall, let's gooo!
Valuation
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Current R 237,07 — 50% of range
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