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.
SSW Update The M formation formed nicely, broke below the neckline.
The price is coming down as the supply increases and the momentum is still down.
7<21<200
RSI<30
Target remains at R35.77
ABOUT
Sibanye-Stillwater (founded in 2013) is a mining company based in Johannesburg, South Africa, that specializes in precious metals extraction.
As a spinoff from...
After turning bullish on JSE:SSW , the market decided to give us hands. One badly mismanaged position. At best we could've broke even on this trade.
Onto the next one.
Global Gold shares have started the year on the bang so i thought i'd look at some of the local counters on the JSE. Sibanye Stillwater has carved a lovely rounding bottom since May last year and it finally has broken above the horizontal resistance around the R50 area. This should move to approximately R63 which would be the target of the rounding bottom. You...
Cup and handle has formed over the last few months.
7> 21 but Price <200 MA - Almost fully bullish
Target R55.86
This goes in line with the Santa CLaus Rally and the rally for resources which are following the JSE...
Bullish Bias
JSE:SSW is currently trading above the 200MA. We noted other PGMs miners turning around, JSE:AMS was among the first to crack up. Could this be a trend change for TVC:PLATINUM stocks?
This move negate all the previous bearish tweets/analysis.
W Formation formed in the 4 hour chart.
The Price is above the 200MA and things are looking like buying is taking place.
I am Bullish with Sibanye and expect a target of R51.83.
The statistics are between
$15.00 - $17.70 (1 Year)
It looks like it will get back to the Resistance again of $20 (2027)
If their Gold Projects keep on growing and prices keep rising,
it would be possible to have a break out in the Future (5 - 10 Years)
Sibanye-Stillwater has two advanced gold projects underway in South Africa –
Burnstone, a developmental...
SSW made a fake out of the descending channel buying came in at 460, now a pullback back to 512 region will provide nice opportunity to go long
@Miwealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of...
JSE:SSW is showing some signs that it might be moving upwards for a bit. This is based on the EMA's crossing and the position of the stochastic and the MACD. It is, however trading in a downward parallel channel, so it might bounce off of the top of the channel and come down again. Bear this in mind when setting targets for this trade.
JSE:SSW is busy forming a Bullish Flag pattern. With the breakout of the the "flag" this morning, if it trades higher tomorrow, we could be looking at a nice upward move as high as the length of the "flagpole".
JSE:SGL is trading in quite a strong upward parallel channel. If it fails to break through the bottom, we can expect that it will head upwards towards the top of the channel.
