UPDATE: Sibanye is all but gold right now :( More downside
Since the last update, Sibanye formed a major Inverse Cup and Handle.
The price broke below and has been coming down.
Just to make matter worse, another M formation formed in the interim, confirming it's strength to the downside.
200>21>7 - Bearish
RSI<50
Target remains at R16.89
Problem is most market makers don't even offer short CFDs and a script to follow this market, so we can only watch the analysis play out.
The price broke below and has been coming down.
Just to make matter worse, another M formation formed in the interim, confirming it's strength to the downside.
200>21>7 - Bearish
RSI<50
Target remains at R16.89
Problem is most market makers don't even offer short CFDs and a script to follow this market, so we can only watch the analysis play out.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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