Sibanye (SSW) is a mining house which has been on a rapid acquisition trail accumulating platinum and gold mines in South Africa and America and is now broadening its scope to include base metals and minerals, especially so-called "green" metals. The company is run by Neal Froneman who is well-known in the mining industry for his toughness, expertise, and...
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 down more than -20% after announcing plans to issue a $500 million convertible bonds to acquire recycling operations in the US.
Technically the share has breached the 20-22 support area. Next support comes around 14-15, an area just below the Covid-19 lows.
#WeeklyChart
Sibanje Stillwater Kwadoonks. "Slang" If a Stock made a noise as it PLUNGES DOWN.
My April / May 2023 Fibonacci Study showed the FIB - 0 to be R16
Do these Retracements work?
Wow I did not expect that coming.
Please use this study for education purposes only.
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Regards Graham.
Sibanye came in with not so good earnings causing price to capitulate, in that process it went lower than R28.60 (21 August price), this represents a cycle failure early into another daily cycle that must lead to a yearly low. We can get a rally from buyers perceiving R28 level as a good buy how since the cycle is failed we can expect price to eventually trend...
Sibanye (SSW) is a mining house which has been on a rapid acquisition trail accumulating platinum and gold mines in South Africa and America and is now broadening its scope to include base metals and minerals, especially so-called "green" metals. The company is run by Neal Froneman who is well-known in the mining industry for his toughness, expertise, and...
Sibanye (SSW) is a mining house which has been on a rapid acquisition trail accumulating platinum and gold mines in South Africa and America and is now broadening its scope to include base metals and minerals, especially so-called "green" metals. The company is run by Neal Froneman who is well-known in the mining industry for his toughness, expertise, and...
Sibanye-Stillwater price has been guided by the green resistance and support, now reaching a convergence of these lines, the support line intersects with pink upsloping support of broadening wedge. Previously this support has propelled price to upper resistance, this would mean Sibanye setting new highs.
There is a risk of price falling out of the tight...
Sibanye (SSW) is a mining house which has been on a rapid acquisition trail accumulating platinum and gold mines in South Africa and America and is now broadening its scope to include base metals and minerals, especially so-called "green" metals. The company is run by Neal Froneman who is well-known in the mining industry for his toughness, expertise, and...
See link below for previous analysis.
PGM stocks have clearly not yet bottomed.
Sibanye is trading as previously forecasted and looks to be in the fifth and final wave of wave (C).
Price action has been choppy from the wave 4 peak suggesting wave 5 could be an ending diagonal.
How much lower the stock can go is anyone's guess so I stay short until I get reversal signals.
After taking profit on the last relief rally (reversion to the mean trade) the stock finds itself making a new 52 week low.
A relief rally is possible here with next major level of support being around R22.50
The lower timeframes will give clues to whether buyers step in to possibly target R27 in the short term.
Previous idea in link
NB: countertrend idea
Keep an eye on SIbanye, multiple bullish divergence on stochastics and RSI reclaiming S1 Pivot. Ultimate test to turn the structure here is a close above R32.00 but signs are showing slowing momentum to the downside and a possible run coming up for Sibanye.
FWB:SSW chart has similar divergences and candle pattern and if it moves similarly to the previous impulse could move to the top of the channel - note this would still a rebound wave with a larger downtrend until the channel is broken. macd is running very flat and expecting a big move some time soon. Note the gap fill area above 2700 has provide initial...
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...
This is a monthly chart of SSW, we can see the channel within which price has been trending upwards. Within a falling wedge, price is now constricted where the green lines are converging. The pink support line is immediately below. Our eyes are on the swing low that will form in this range on a weekly basis for early birds, monthly swing low for less risk...
The platinum counters have been hard hit and Sibanye has broken multiple levels to the downside. Significantly, TL1 and TL2 were both broken with no real relevant support to help stabilise the fall in price. However, we see on the graph that there was a gap which has now been filled around 25.75 and we hope this provides some relief. Alternatively, 22 could be the...
