Sibanye downtrend broken - Warning for shorters

Sibanye has dropped beautifully with the INverse Cup and Handles...

That was until this month where the price broke above the downtrend for the first time.

Now to short is a risky business as the momentum is looking up and the buyers are taking over control.

This overlays with the boost in the Gold and Platinum price and the general resource market upturn.

We can say the bias is short still but it could turn very quickly...