Sibanye is a prominent mining house that has been aggressively expanding its portfolio, acquiring platinum and gold mines in South Africa and the United States, and is now diversifying into base metals and minerals, particularly those essential for green technologies. The company, under the leadership of Neal Froneman, known for his robust expertise and experience...
See link below for previous analysis.
Sibanye's stock made a strong pullback since the previous analysis and challenged the key 1756 invalidation level. Most importantly, price managed to just hold above 1756 therefore keeping the bullish outlook valid.
The re-test of 1756 has also created a double bottom reversal pattern which adds to my bullish...
NIU and GOTU are showing nice trading setups. We can enter NIU right now and wait for GOTU for better entry.
PYPL, XINYI and SBSW are starting to give me the signal that my analysis was right. Glad that I entered at these prices. Let's wait and see and hope price doesn't reverse.
Sibanye Stillwater - SSW Listed on the JSE is up +45% from the Recent Low.
I did a Fibonacci Trace from the recent Low to the High to plot the Key Level Targets.
This will obviously take a long time and assumes no serious bad news events.
Like most of us I am also Down on this one, and I'm DCA any extra spare cash in.
Hit that Rocket Boost Button to Show your...
Part of my note for tomorrow: SSW Sibanye Stillwater was not included in yesterday’s (published) Tactical Trading Guide as it was not one of the largest 40 in terms of market capitalization. It did however appear on the technical summary as ‘high bearish momentum/approaching oversold’. In terms of the Tactical Trading Guide (my raw/sorted data), I noticed that...
Sibanye Stillwater (SSW), under the leadership of Neal Froneman, has embarked on an aggressive expansion strategy, diversifying its portfolio from traditional gold and platinum mining operations in South Africa and America to include base metals and minerals, particularly those essential for "green" technologies like vehicle batteries. Froneman, renowned for his...
Sibanye-Stillwater (SSW) has emerged as a formidable force in the mining sector under the leadership of Neal Froneman, known for his strategic acumen and industry expertise. The company's aggressive acquisition strategy has significantly expanded its portfolio, making it the world's largest producer of platinum group metals (PGMs) and positioning it as a major...
Sibanye Stillwater (SSW) has emerged as a significant force in the global mining industry, primarily known for its strategic acquisitions that have expanded its portfolio into platinum group metals (PGMs) and gold, both in South Africa and the United States. Under the leadership of Neal Froneman, a figure renowned for his strategic acumen in the mining sector,...
The risk is that the share trades toward the lower boundary of the multi-year channel. The technical 'margin of safety' is that the share is trading 53% below it's 200-week simple moving average. By historical measures, this coincides with an appealing reward-to-risk on the buy/long side. Also note the inside bar being printed last week (along with Impala Platinum).
The stock has had a nasty mode down today and testing a "key" level at R20.
Failure to hold onto this area will likely lead to the stock moving down to target the swing low at R17.55
Above R21.75 the longs gain the short-term upper hand again.
See link below for previous analysis.
It's been tough going for Sibanye since reaching an all time high in March 2022.
A 78% drop saw price plummet to 1756 before bulls came in to nibble.
The question is, has the stock bottomed at 1756?
Here are a few technical reasons to be bullish:
*Elliott Wave count suggests wave (C) is complete having unfolded in an...
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....
See link below for previous analysis
I did update Sibanye recently and little has changed but the stock has caught a bid at 1756 which now becomes the invalidation level to watch in the short-term.
It is still very early to even think that a bottom is in here.
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...
