Sibanye is looking super bullish as of today. It broke out of the medium term downtrend since April 2024... Now we are seeing a rounding bottom along with the price above 20MA. First target is set to R24.58
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....
Yes we made a probability prediction on this large move down. It's close to the target of R16.89. But it's never good betting or hoping for a stock to crash and burn. There is no scrip to short, so the only good thing about this analysis is brining awareness to investors who think it's cheap to buy and then they wake up 23% down... This is a reminder that...
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.
Sibanye has been on free fall since February 2021... It then formed a large Inverse Cup and Handle which broke below the brim level around R36.00... Recently it formed a smaller Inv C and H which the price also broke down and out of. And no matter what happens, the downtrend stays intact. It still looks like this company is going to drop further to around...
Sibanye has been on a smooth downtrend since 23 May 2023... I posted the Inverse cup and Handle which the price broke below the brim. Then the price made another Inv Cup and handle which broke below that brim. And now the price is following the downward trajectory line. I'm happy with this type of medium term short trade.. You're earning interest daily while...
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...
Since the last update, Sibanye is heading to the first target. We have a long way to go, so you can see the update here. There has been an Inverse Cup and Handle form on Daily. This is definitely deemed a medium term trade. But luckily with shorts, we earn interest income. 200>21>7 - Bearish RSI<50 Target R16.89 ABOUT THE COMPANY Sibanye Stillwater is a...
Gravity seems to be strong for PGMs miners. After several attempts to stay above R32, JSE:SSW has given up. R22 does seem like a possibility. Froneman, do something.
It obviously depends on how far you zoom out and how you draw the trendlines. However, the chart doesn't paint a good picture for JSE:SSW Buyers are needed to step up and save the stock. No position.
This is definitely not my usual type of trade setup. I don't like predicting market reversals. I don't like catching the bottom and the top I don't like trading without a solid chart pattern So I am not taking this trade, but showing a major observation. There has been a solid support forming over the last few months. Every time, Smart Money brings the price...
Our target price after a few weeks hit at R35.77. We are still seeing a strong downtrend a long with the RSI<50 and price <200. Precious metals aren't showing strong upside to come with the strengthening US Dollar as well as the fear of rising interest rates. I'm steering clear for now.
SSW Update The M formation formed nicely, broke below the neckline. The price is coming down as the supply increases and the momentum is still down. 7<21<200 RSI<30 Target remains at R35.77 ABOUT Sibanye-Stillwater (founded in 2013) is a mining company based in Johannesburg, South Africa, that specializes in precious metals extraction. As a spinoff from...
After turning bullish on JSE:SSW , the market decided to give us hands. One badly mismanaged position. At best we could've broke even on this trade. Onto the next one.
Global Gold shares have started the year on the bang so i thought i'd look at some of the local counters on the JSE. Sibanye Stillwater has carved a lovely rounding bottom since May last year and it finally has broken above the horizontal resistance around the R50 area. This should move to approximately R63 which would be the target of the rounding bottom. You...
Cup and handle has formed over the last few months. 7> 21 but Price <200 MA - Almost fully bullish Target R55.86 This goes in line with the Santa CLaus Rally and the rally for resources which are following the JSE... Bullish Bias
JSE:SSW is currently trading above the 200MA. We noted other PGMs miners turning around, JSE:AMS was among the first to crack up. Could this be a trend change for TVC:PLATINUM stocks? This move negate all the previous bearish tweets/analysis.
W Formation formed in the 4 hour chart. The Price is above the 200MA and things are looking like buying is taking place. I am Bullish with Sibanye and expect a target of R51.83.