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techpers
Feb 18, 2024 5:01 PM

SSW: Distance vs 200-Week 

SIBANYE STILLWATER LTDJSE

Description

The risk is that the share trades toward the lower boundary of the multi-year channel. The technical 'margin of safety' is that the share is trading 53% below it's 200-week simple moving average. By historical measures, this coincides with an appealing reward-to-risk on the buy/long side. Also note the inside bar being printed last week (along with Impala Platinum).
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