Sibanye downtrend broken - Warning for shorters
Sibanye has dropped beautifully with the INverse Cup and Handles...
That was until this month where the price broke above the downtrend for the first time.
Now to short is a risky business as the momentum is looking up and the buyers are taking over control.
This overlays with the boost in the Gold and Platinum price and the general resource market upturn.
We can say the bias is short still but it could turn very quickly...
That was until this month where the price broke above the downtrend for the first time.
Now to short is a risky business as the momentum is looking up and the buyers are taking over control.
This overlays with the boost in the Gold and Platinum price and the general resource market upturn.
We can say the bias is short still but it could turn very quickly...
✅ 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)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.