Sibanye Still-Water ($JSESSW): The Long-term View
This is a monthly chart of SSW, we can see the channel within which price has been trending upwards. Within a falling wedge, price is now constricted where the green lines are converging. The pink support line is immediately below. Our eyes are on the swing low that will form in this range on a weekly basis for early birds, monthly swing low for less risk accepting investors. From here we cane expect price to begin trending upwards towards the upper resistance.
Note
SSW formed a swing low in March but there was no follow through, we are still in pursuit of a yearly low price.
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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.