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Timonrosso
Mar 9, 2023 9:31 AM

TARGET HIT on Sibanye at R35.77 what now? Short

SIBANYE STILLWATER LTDJSE

Description

Our target price after a few weeks hit at R35.77.
We are still seeing a strong downtrend a long with the RSI<50 and price <200.
Precious metals aren't showing strong upside to come with the strengthening US Dollar as well as the fear of rising interest rates.
I'm steering clear for now.
Comments
ZA-ANALYST
Good question. I am steering clear of SSW & AMS, gold etc for 2023/2024.
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