Sibanye-Stillwater (SBSW) — Huge Move Ahead? (Platinum Miner)Sibanye-Stillwater is one of the world’s largest producers of platinum, palladium, and rhodium. Read more on their website .
If you are bullish on platinum, this is a fantastic opportunity.
On the weekly chart we can see accumulation has been happening on high volume since it hit support in November 2023.
V-shaped recovery on high volume on the daily (for confirmation wait for current week to close above $4):
Also last week had the highest volume since 2017.
When comparing it with the platinum chart we can see it made very volatile moves in 2016 and 2021 and reached the top at around $20 when platinum did small rallies to $1150-1250 levels. Can you imagine what will happen if platinum makes a new all time high?
For additional confirmation wait for trend line breakout:
Conservative target is $20 but it can be much more if platinum makes new highs.