Sibanye has been on a smooth downtrend since 23 May 2023...
I posted the Inverse cup and Handle which the price broke below the brim.
Then the price made another Inv Cup and handle which broke below that brim.
And now the price is following the downward trajectory line. I'm happy with this type of medium term short trade..
You're earning interest daily while...
Since the last update, Sibanye is heading to the first target.
We have a long way to go, so you can see the update here.
There has been an Inverse Cup and Handle form on Daily.
This is definitely deemed a medium term trade. But luckily with shorts, we earn interest income.
200>21>7 - Bearish
RSI<50
Target R16.89
ABOUT THE COMPANY
Sibanye Stillwater is a...
This is definitely not my usual type of trade setup.
I don't like predicting market reversals.
I don't like catching the bottom and the top
I don't like trading without a solid chart pattern
So I am not taking this trade, but showing a major observation.
There has been a solid support forming over the last few months. Every time, Smart Money brings the price...
