Luke8111

SBSW - 7 year sideway action

Long
NYSE:SBSW   SIBANYE STILLWATER LTD
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5
Stillwater 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.

Comments

Is the black line cutting across Feb and Aug peak act like resistance and support? Hoping to catch it when it hits the bottom of the channel.
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