The majority of my research insights are published for clients and occasionally highlighted on this platform. To become a regular recipient of my research, including trade ideas, get in touch with me today for a brief discussion. Follow-up: On 11 January 2023 I flagged this chart, highlighting the downside risk as the share traded at the upper boundary of a...
Sibanye-Still Water has had successive daily candles showing strong selling pressure around price level of R47. The expectation is for this pressure to culminate in a breaking of the wedge support. The price target where a short position can be closed is the blue trendline with a drop of +/-10%.
Global Gold shares have started the year on the bang so i thought i'd look at some of the local counters on the JSE. Sibanye Stillwater has carved a lovely rounding bottom since May last year and it finally has broken above the horizontal resistance around the R50 area. This should move to approximately R63 which would be the target of the rounding bottom. You...
One of the shares from today's report. Sibanye Stillwater (SSW) | As discussed in Monday’s note, trading at the rising trend line resistance. The 3-day RSI is 92 while the share is extended well above it’s 8/21-EMA range. Also note the share trading at the upper boundary (2x) the 20-day linear regression channel.
Sibanye-Stillwater follows a number of broader correlations. Platinum, palladium, gold, gold miners, the SA40. But until now nobody has mentioned that--because of its earnings misses lately-- perhaps the market is pricing in SSW's overextended battery metals M&A strategy. Will they ever make money on their new lithium acquisitions? Is SSW even making money in its...
Sibanye has broken out of a rounding bottom pattern, and i have already entered the long position. If first target of R52 is reached it will confirm a larger rounding bottom and breakout will target R55 which will be my second target. Word of warning a rising wedge has formed, and a break to the bottom can be used as a stop. I would still hold and wait it out to...
Cup and handle has formed over the last few months. 7> 21 but Price <200 MA - Almost fully bullish Target R55.86 This goes in line with the Santa CLaus Rally and the rally for resources which are following the JSE... Bullish Bias
WITH THE RESULTS PRESENTAION BEHIND THEM , CLEARLY A IMPROVED HALF IS AWAITING THE COMPANY AND WITH METTAL PRICES REMAINING STEADY , THERE MUST BE UPSIDE . SSW IS DIVERSDIFIED AND THE BATTRY METALS GROWTH IS INTRESTING Debt Level: SSW has more cash than its total debt. Reducing Debt: SSW's debt to equity ratio has reduced from 124.2% to 23.4% over the past...
Sibanye has formed a bullish rounding bottom which, if follows through, targets around the R55 mark. Initially though, first resistance is encountered at R52.09. Alternate scenario could also be a potential cup & handle being formed, which entails a slight pullback before the next leg up.
JSE:SSW is looking good for a short position based off of our momentum indicators. The stochastic, MACD and two EMA's have all crossed downwards. If triggered, we are looking for a target at around the 3580 level which is a strong support level making the target area a bigger possibility.
Great Ticker Looking Healthy Waiting to see if it breaks the $11 Level, if-not i will BUY at the LOWS. Analyst say it will RUN till $13, but I see it running again till the Highs in the Future $20s. So I will GET PAID IN THE RUN UP!
The stock has rallied together with the other miners on our market and is now at the top of the broadening formation. A close above R48 could see some further strength towards 200dma and swing high at R52 . Alternatively, below R45.50 we likely fade back towards the rising 20ema.
JSE:SSW is currently trading above the 200MA. We noted other PGMs miners turning around, JSE:AMS was among the first to crack up. Could this be a trend change for TVC:PLATINUM stocks? This move negate all the previous bearish tweets/analysis.
This pair trade idea is higher by as much as 7% this morning. Market Neutral Idea: Buy SSW, Sell IMP - Bank/Take Profit.
Market Neutral Idea : Buy SSW, Sell IMP Entering a short term value zone (simultaneous appearance of the light blue and dark blue shaded area) + gap closed. Suggested levels: Entry: 0.2007 or around these levels Stop: 0.1945 Target: 0.2160
SSW Possible Change to Trend from Bear to Bull wait for confirmation
So we got a break of incline resistance last week, but the advances we capped by the 45 resistance area. From here, we may get a retest of the breakout area (around 40-42) before further upward moves; or we may get further downside.