An index re-balancing and/or an exclusion from the GDXJ is seen to be the reason for SSW's recent decline which was accompanied with above average volume. Bull Approach: Buy at the nearest swing support between 46.95-47.60. Bear Approach: The 7 and 14-RSI continues to trend lower, suggesting weakness. Sell on a rebound into the 8/21-EMA at ~52.45-53.00. This...
the RSI divergence with price is worrisome at this point. guts feeling is buy but technical says otherwise. Same as Barrick gold chart. suspect that GDX will demonstrate similar pattern. Comments/feedback welcome.
SSW has been on an uptrend since March 19th 2020 completing a beautiful Elliot Wave pattern. Recent price action shows signs of a correction of the uptrend. I shall be looking for shorting opportunities here. For now...it's nap time. Happy trading!
Trading statement is strong despite The operations dealing with covid risk and 30% lower production . The prices is overshadowing the effect of Covid . If and if prices hold where they are . Sibanye will wipe there Debt and that means there is dividends and further growth . that is why i believe there will be a upward trajectory developing...However you need to...
Perhaps a missed opportunity? Potential topping pattern though.
I think we gonna have the last push up then fall from there
Expectation: Market seems to be in an extended wave 5 advance. On the 4HR chart, temporary resistance at 5250 and the market may correct down to 4720 price area. One more bullish leg to 5640 or 6045 area possible.
Current price just below 3200 Price is near support/demand zone and RSI close to overbought levels for swing trade opportunity Risk is 10% with profit potential of 32% @ target 1 (4000) Target 2 profit potential @ 55% (4700)
what we currently have on ssw, is the market testing an important resistance of which the market has a history of falling when touching ...in order for buyers to continue with momentum price has to breach the resistance and turn it into support which is when i would start buying ...if however the market fails to break this level and closes this week/month below we...
Stillwater Mining has moved sideways for the last 7 and half years. A return to all-time highs would mean almost 70% gains from here, but what could happen should it FINALLY start trending UP? It fell out of BLACK rising channel back in March, but it flew right back inside of this steep rising channel, and as long as it stays inside, it can rise substantially. You...
Tickeron AI shows that a buy signal is indicated by this change in price, due to the trend repositioning higher. In 2 of 2 cases where SBSW's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.
Sibanye seems to have moved into a consolidation channel. after a good period of expansion. Bottom of channel could be a target for a possible long position 3080.
my plan on ssw is to wait for a possible break of support and wait for the market to turn the support into resistance which would confirm the head and shoulders pattern, if however , the market decides to hold support, a break of trendline bullish in the lower timeframe would confirm further upside
Bearish bear flag on the daily chart. Short for a target of 2700.
Two platinum/palladium miners that are set to catch up with the broader market rally. SBSW: Above its VWAP from recent peak, VWAP from February peak and VWAP from March low. Also consolidates above 50 EMA which found support at the 200 EMA and is now pushing price higher. I have removed the 5 and 20 EMA in order to see the VWAPs but please add them to your own...