Northam Platinum about to crack down to R228?Northam Platinum Holdings LimitedJSE_DLY:NPHTimonrosso 📊 Quick Snapshot 🏭 PGM miner focused on platinum, palladium, and rhodium 🇿🇦 Operations based in South Africa 💰 Very sensitive to commodity cycles 🔻 Why Downside Is Likely 📉 Demand Is Weakening Global growth is slowing, reducing demand for PGMs 🛢️ War Is Pushing Costs Up Higher oil prices are increasing mining costs and squeezing margins 🌍 Macro Environment Is Soft China and Europe are slowing, which weighs on commodities 📉 Technical Breakdown A double top has formed, showing distribution Price has broken support, and below 20MA It's a Medium Probability trade due to the price NOT breaking below 200MA - YET! 🎯 The next downside target sits around 22,800