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SBSW

SBSW at 10-moth range low that needs to hold SBSW has undoubtedly been a very poor performer since the highs in March 2022, down 80%. However, as I see it, it has entered/formed a range from end of November 2023, where the low of $4 has been made, to a range high of $5.82, It is currently sitting at the range lows at $4.10. It has actually traded below the range low for a short time, but has quickly bounced back inside. Given that both platinum and palladium look to be bottoming and are showing some strength, I am expecting for this momentum to shift to SBSW as well. Gold is another good performer, which should affect SVBSW positively. I have therefore decided to start building a long position in SBSW at the $4.1 mark and will be targeting range highs at $5.8. IMPORTANT: I understand I am buying an beaten down asset which is currently still downtrending on all high time frames (from 12h onwards), which is not the most bullish sign :) I am therefore ready to cut my position, if we start closing below the $4 range low level. If this is the case, I am expecting a sweep of the $3.88 level, which was marked by the loan red candle, before the big reversal back in the beginning of March. Lets see how things shape up... Happy trading
NYSE:SBSWLong
by Retrace_all_gains
2
$SBSW: Sibanye looks strong here, low risk reversalInteresting play to join the trend in metals. Sibanye Stillwater Limited is a company that mines and recycles precious metals like gold, platinum, palladium, and rhodium in different countries. It also has projects to find more metals like lithium, copper, and cobalt. It started in 2013 and is based in South Africa. $SBSW shows signs of a reversal of the recent bearish trend, could move big if it kick starts a bullish trend here. Risk is a drop under the consolidation area, upside is open ended if it behaves as per the arrows on chart. Best of luck! Cheers, Ivan Labrie.
NYSE:SBSWLong
by IvanLabrie
SBSW: Follow up on cup with handle. Precious metals. I last posted on this stock in July. (link below if interested). It continues to look like a cup with handle to me. There was a recent break out above the short term down trend channel and the stock price then returned to the channel. I think it may continue short term to close the gap (2 hour chart) or may start up again now. Note the level "2" is at the up channel mid line which sometimes acts as a support and is a 50% retraction of "1". This currently has an 11% dividend rate. Watch to see if it arises out of the current down channel and goes above the current near term high, If it does I am looking for a longer term target of 37-48. Additional support for this idea would be a close above the "1" level. As always process your way. Make your own decision. Have a great weekend.
NYSE:SBSWLong
by goodguy
4
SBSW showing triple top w/ RSI divergence highPublished an idea on 9/13 on this one focusing on the RSI divergence. Now it is making another divergence high after correction/consolidation. RSI, MFI and other are still showing divergence at this point. Another testimony that divergence highs for strong stocks are also a play to consider -- that is, buy pullback and adding positions as opposed to disposing positions -- until the real trend line is broken.... Also keep in mind trading this one is swimming with shark -- Jim Simons has major stake. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
NYSE:SBSW
by hanzhao311
DXY - Bull Flag/Ascending TriangleShort - Term: SHORT GOLD watch at key levels. Currently using GLL, DZZ, and one other as a medium to short the market. Considering INVERSE gold miner ETFs for TUES buys. Also watching out for FOMC meeting as well as ECB. WED will be when the rubber meets the road. * Took profits on all gold mining stocks and looking for buy in opportunities according to gold price movement. LONG BTC price movement looks steady and solid as we head towards the 100 day moving average! Long - Term: BULLISH on Facebook and Appian as well as Silver Miners and Royalty Companies: AG, EXK, etc. (Will post more if any interest is shown.) - as well as ETFs- AGQ, USLV Gold Miners: SBSW and several others. RIOT entry at 1.10, 1.00, .90 if BTC CONSOLIDATES, 1.15, 1.20, 1.25 if it continues UPWARD I use this stock as a BTC derivative with an eye on what's going on with mining. n For instance the new Antminer S17 and T17 have a failure rate between 20% and 30%. How will this effect RIOT's bottom line as well as the BTC halving?
TVC:DXY
by pedalsfaster