Sibanye Still-Water: Medium Term View

2023년 6월 4일

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 triangle, we therefore must work with confirmations, weekly swing & closing above the green line on a weekly basis gives a higher confidence that trend looks up.

2023년 6월 20일

노트

SSW closed below the triangle on a weekly basis, it is now in another daily cycle and seeking a half cycle correction that should coincide with US dollar index (DXY) making an up move.

2023년 6월 30일

노트

SSW showing a reversal we can expect to be temporary relief, there is a gap from April 2020 that is attracting price around R25.50, we will be looking for that gap to be filled in current cycle before a turn upwards in price.

2023년 7월 18일

노트

On daily time frame, SSW is in timing band for a daily cycle high, if true then we should move lower R27.52. If we manage that we setup for an around-the-apex move on way back up, such setups are quite bullish.

2023년 8월 27일

노트

Sibanye has confirmed 26 June as a cycle without going lower than R27.52 meaning the price at R27.52 is a weekly low, we can expect price to trend upwards above the green trendline.

2023년 11월 4일

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