SSW trade ideas
#Sibanye StillWater - Buy - $JSEExpectation: Market seems to be in an extended wave 5 advance. On the 4HR chart, temporary resistance at 5250 and the market may correct down to 4720 price area. One more bullish leg to 5640 or 6045 area possible.
Sibanye Stillwater - BUY (240 min chart)Current price just below 3200
Price is near support/demand zone and RSI close to overbought levels for swing trade opportunity
Risk is 10% with profit potential of 32% @ target 1 (4000)
Target 2 profit potential @ 55% (4700)
Sibanye stillwater analysis update what we currently have on ssw, is the market testing an important resistance of which the market has a history of falling when touching ...in order for buyers to continue with momentum price has to breach the resistance and turn it into support which is when i would start buying ...if however the market fails to break this level and closes this week/month below we can expect retracement in price
SBSW - 7 year sideway actionStillwater Mining has moved sideways for the last 7 and half years. A return to all-time highs would mean almost 70% gains from here, but what could happen should it FINALLY start trending UP? It fell out of BLACK rising channel back in March, but it flew right back inside of this steep rising channel, and as long as it stays inside, it can rise substantially. You may have heard that paltinum is historically cheap relative to gold. SBSW provides great leverage to the long platinum trede, as long as you can handle the volatility.
Full disclosure: long SBSW at 0.5% of total assets. Will try to buy more at black rising channel support.
SBSW in Uptrend: 50-day MA broke above 200-day MA on June 26, 20Tickeron AI shows that a buy signal is indicated by this change in price, due to the trend repositioning higher. In 2 of 2 cases where SBSW's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.
$JSESSW Sibanye ConsolidatingSibanye seems to have moved into a consolidation channel. after a good period of expansion. Bottom of channel could be a target for a possible long position 3080.
sibanye stilwater analysismy plan on ssw is to wait for a possible break of support and wait for the market to turn the support into resistance which would confirm the head and shoulders pattern, if however , the market decides to hold support, a break of trendline bullish in the lower timeframe would confirm further upside
SBSW & PLG breakout coming Two platinum/palladium miners that are set to catch up with the broader market rally.
SBSW: Above its VWAP from recent peak, VWAP from February peak and VWAP from March low. Also consolidates above 50 EMA which found support at the 200 EMA and is now pushing price higher. I have removed the 5 and 20 EMA in order to see the VWAPs but please add them to your own chart and you will see they are in a very bullish position.
PLG: Still has some work to do consolidating below the 200 EMA and VWAP from recent peak, while above the 50 EMA and VWAP from Feb peak/March low. I have picked the $1.70 level as the final resistance level. I am going to watch SBSW as it is technically closer to a breakout, and if the breakout occurs, PLG has a very high probability to move higher.
SSW*Extract from client research note 01-June-2020
SHORT TERM VIEW: 7 out of the last 8 trading sessions has seen a negative close, with the price being down by 22.3% from the 20 May peak of 41870c. In this case, there may be a possibility that we could see a ‘small’ rebound at these swing lows. MEDIUM TERM VIEW: The medium term bias is lower with the price below the 8, 21 and 50-EMA’s – all of which are starting to show a sideways to downward bias. There is also a risk that the price loses the current support and targets the next swing support which is just below the 200-day simple moving average.
Sibanye bouncing of support - buyers stepping inSSW hit resistance last Wednesday and retracted back to the bottom of the channel. This morning it hit support and the 50 day EMA held. Currently it seems buyers are stepping in. Perhaps the start of the next rally to the top of channel. One to keep an eye on.
Disclaimer: My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.
JSESSW - SIBANYE IHS Neckline- Price has come back to retest an area of interest for the bulls
- If this level successfully holds, we can expect a measured move equal to the height of the head.
- Below R32 i will be bearish on the chart and it will open the possibility to trade a "failed pattern" (Wider SL can be the 200ma)
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:SSW
SSW- Go long with a upside target of close to previous high R50Trend all above the rising 50d, what appears to have a inverted H&S formation. Falling flag against the primary trend which is higher. RSI holds steady in the bull range.
Sibanye - New lows?Sibanye, look liks only 3 waves pull back
For now we favour shorts to target new lows
Sibanye - JSE ShareIn wave 4, resistance at the 38,2% Fib level
Should see new lows whilst below R32
Sibanye Stillwater analysismy plan
1.I will Wait for the daily candle to close
2. I will go on the 1h chart and draw a counter trendline break above it would mean buyers are in control
3 .keep risk to a minimum
you can also just buy equities
break below would mean sellers are in control
