Keep an eye on SIbanye, multiple bullish divergence on stochastics and RSI reclaiming S1 Pivot. Ultimate test to turn the structure here is a close above R32.00 but signs are showing slowing momentum to the downside and a possible run coming up for Sibanye.
Analysis per request: The performance of this stock is beautiful (technically speaking). It's clearly bullish but a little difficult to find an entry point currently. The stock still needs time to form a new base from which it can continue further up. Simply watch the lower 'monthly' PSAR break for a quick consolidation and it will be ready. It has the potential...
SBGL seems at the beginning of a wave down after the previous 3 waves correction. Risk/reward ratio 1:3,55.
Looking to trade SBGL long. with the 9ema above the 25sma this looks real bullish. Buy Today with 1st target price at the 75sma. Second target at the gap fill . TSI crossing the 0 line is bullish