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
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 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 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...
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...
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
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.
$SBSW is looking to enter its next leg up, as it has broken its downtrend on the recent Rhodium strength.
SSW made a fake out of the descending channel buying came in at 460, now a pullback back to 512 region will provide nice opportunity to go long @Miwealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of...
On the SSW chart, I noted a Support at 4402 which may mark the end of the regression channel. With reference to Platinum there is a long term trend forming with the latest bounce of the support. P/E ratio at 2.93 Forward P/E ratio 3.78 RSI in the 50's DMI showing some change to the upside (Not financial advice) Please comment with...
10 and 20 EMA crossed the 100EMA, confirmation of bullish breakout.
Platinum corrected to pre-pandemic Trend and is following in this pattern. 3 strong pullbacks displayd with regression trends before breakouts. Accumulated the last month for change of direction to follow trend. Waiting on EMA to confirm Bullish action. From a political standpoint it's inevitabe that the price should increase due to vaccine rollouts,...
Consolidation period in short term last 2 months due to Production decrease in Motor vehicle industry. Recovery of industry is a given in future. Compared to Platinum price the Support is strong and holding. Strong support at 5443, resistance at 7430 Falling wedge shows that the trend is moving to a point where a change in direction is inevitable. Strong...
Fundamentals Sibanye is highly correlated to the USD, we expect a reversal in the USD to come soon, but the current trend is to the upside and could impact commodities more, So we expect more downside on ZAR, NZD, AUD, CAD. US Holidays are over, and we should see some profit taking and big funds to starts positioning their portfolios for the new seasonality...
Sibanye has been showing signs of strength (SoS) and has now broken to new highs. After some consolidation since August, there has been a breakout and backup to that accumulation trading range. Now we have broken above the highs and looking for a push higher.