Yes we made a probability prediction on this large move down.
It's close to the target of R16.89.
But it's never good betting or hoping for a stock to crash and burn.
There is no scrip to short, so the only good thing about this analysis is brining awareness to investors who think it's cheap to buy and then they wake up 23% down...
This is a reminder that...
Sibanye has been on free fall since February 2021...
It then formed a large Inverse Cup and Handle which broke below the brim level around R36.00...
Recently it formed a smaller Inv C and H which the price also broke down and out of.
And no matter what happens, the downtrend stays intact.
It still looks like this company is going to drop further to around...
Since the last update, Sibanye formed a major Inverse Cup and Handle.
The price broke below and has been coming down.
Just to make matter worse, another M formation formed in the interim, confirming it's strength to the downside.
200>21>7 - Bearish
RSI<50
Target remains at R16.89
Problem is most market makers don't even offer short CFDs and a script to...
