#SSW #JSE #SIBANYE selling showing signs of exhaustion?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.
SBGL
SBGLAnalysis per request: The performance of this stock is beautiful (technically speaking). It's clearly bullish but a little difficult to find an entry point currently. The stock still needs time to form a new base from which it can continue further up. Simply watch the lower 'monthly' PSAR break for a quick consolidation and it will be ready. It has the potential of reaching 15 by end of next year.
SBGL 3 WAVES CORRECTION COMPLETED: ONE MORE DOWN?SBGL seems at the beginning of a wave down after the previous 3 waves correction. Risk/reward ratio 1:3,55.
SBGL Long IdeaLooking to trade SBGL long. with the 9ema above the 25sma this looks real bullish. Buy Today with 1st target price at the 75sma. Second target at the gap fill . TSI crossing the 0 line is bullish