BrendenA

SSW Short Heading in a Downward Trend

Long
JSE:SSW   SIBANYE STILLWATER LTD
This is my first publish of my analysis and constitutes to my own thoughts and opinion of the stock. This is purely done for educational purpose and does not suggest financial advice. This stock I have traded since it was @ the 3500 MARK. SSW had initially found Supply @ 4900 MARK and made a breakout to the 5700 MARK which eventually lead to testing the 6600 MARK finding resistance @6600 MARK. SSW has now formed a downward trend retracement which has pierced through support level of 5700 MARK. The stock has crossed the Stochastic & MCD Moving Average. My opinion is that this may continue toward the initial Supply & Demand Level near the 4900 MARK where I intend taking a position in the stock. If you like the idea please give a like. Once again thanks for the appreciation.
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