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Sibanye

UPDATE: Sibanye drops another 23% almost at targetYes we made a probability prediction on this large move down. It's close to the target of R16.89. But it's never good betting or hoping for a stock to crash and burn. There is no scrip to short, so the only good thing about this analysis is brining awareness to investors who think it's cheap to buy and then they wake up 23% down... This is a reminder that when markets are dropping, they are dropping for a reason. They aren't falling to go back up - They aren't roller coasters... So don't think you've caught the bottom when the bottom is still a while away. We can expect more downside and with Sibanye-Stillwater launching a US$500 million senior unsecured guaranteed convertible bonds coming in 2028. We can expect more turbulence. Be careful out there. It's a moshpit for those who aren't risk averse.
JSE:SSWShort
by Timonrosso
UPDATE: Sibanye Medium term short trade still going to R16.89Sibanye has been on a smooth downtrend since 23 May 2023... I posted the Inverse cup and Handle which the price broke below the brim. Then the price made another Inv Cup and handle which broke below that brim. And now the price is following the downward trajectory line. I'm happy with this type of medium term short trade.. You're earning interest daily while short and it's a great hedge in the gold market. The target reamins at R16.89.
JSE:SSWShort
by Timonrosso
UPDATE Sibanye Stillwater is about to waterfall down to R16.89Since the last update, Sibanye is heading to the first target. We have a long way to go, so you can see the update here. There has been an Inverse Cup and Handle form on Daily. This is definitely deemed a medium term trade. But luckily with shorts, we earn interest income. 200>21>7 - Bearish RSI<50 Target R16.89 ABOUT THE COMPANY Sibanye Stillwater is a South African mining company that specializes in precious metals mining, particularly gold and platinum group metals (PGMs). The company was formed in 2013 as a result of a merger between Sibanye Gold and Stillwater Mining Company, an American PGM mining company. Sibanye Stillwater is headquartered in Johannesburg, South Africa, and has operations both in South Africa and the United States. The company operates several mines in South Africa, including the Driefontein, Kloof, and Beatrix mines, which are all located in the Witwatersrand Basin. Sibanye Stillwater's PGM operations in the United States are centered around the Stillwater and East Boulder mines in Montana. These mines are known for their production of palladium and platinum. Sibanye Stillwater is listed on the Johannesburg Stock Exchange (JSE) in South Africa and also has a secondary listing on the New York Stock Exchange (NYSE).
JSE:SSWShort
by Timonrosso
Sibanye could have a MAJOR bounce from here to R45This is definitely not my usual type of trade setup. I don't like predicting market reversals. I don't like catching the bottom and the top I don't like trading without a solid chart pattern So I am not taking this trade, but showing a major observation. There has been a solid support forming over the last few months. Every time, Smart Money brings the price to this level it bounces up and hard. So we can expect Buying again from Smart Money as they buy into the Sell SIde Liquidity from retail traders. Then once we get it back to R45.00 and it breaks above there, then we'll really see some serious upside. The risk is low and the reward is high, so if you like these kinds of trades - this is one for the books.
JSE:SSWLong
by Timonrosso
2
UPDATE Sibanye short going nicely target still to R35.77SSW Update The M formation formed nicely, broke below the neckline. The price is coming down as the supply increases and the momentum is still down. 7<21<200 RSI<30 Target remains at R35.77 ABOUT Sibanye-Stillwater (founded in 2013) is a mining company based in Johannesburg, South Africa, that specializes in precious metals extraction. As a spinoff from Gold Fields Limited, it has since grown to become one of the largest mining companies in South Africa. Sibanye-Stillwater operates four gold and platinum group metals mines in South Africa, as well as mines in Zimbabwe and the United States. Sibanye-Stillwater has a workforce of approximately 84,000 people across its operations. Also. it has interests in platinum recycling and other metals processing.
JSE:SSWShort
by Timonrosso
A Positive Outlook Sibanye-StillwaterThe statistics are between $15.00 - $17.70 (1 Year) It looks like it will get back to the Resistance again of $20 (2027) If their Gold Projects keep on growing and prices keep rising, it would be possible to have a break out in the Future (5 - 10 Years) Sibanye-Stillwater has two advanced gold projects underway in South Africa – Burnstone, a developmental stage project, and the Southern Free State (SOFS) project an exploration project. On 31 December 2021, these projects had a combined gold Mineral Reserve of 2.6Moz and combined gold resources of 16.0Moz Disclaimer: Just my Idea! Find your Trading Ideas and learn and study more!
NYSE:SBSWLong
by TraderMentorX
1
SSWSSW made a fake out of the descending channel buying came in at 460, now a pullback back to 512 region will provide nice opportunity to go long @Miwealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of fundamental analysis mainly using COT report analysis and overall market conditions such as market structure and Wave analysis. We use Wyatt's pivots on MT4/5 to find market support and resistance zones that's calculated on a yearly, monthly, weekly and daily basis. Overall, our strategy also combines price action. We are not sniper traders, and we trade weekly and monthly swing traders. We don't provide signals but provide a journey to getting funded to make consistent long term returns that are in excess of 3-5% pm. The above analysis incorporates all our trading experience and therefore we only provide entry SL and TP levels. MiWealth in terms of South African law is not a registered financial service company, and thus we do not provide financial advice, all ideas shared on trading view is our view and not necessarily in line with yours therefore you carry your own risk on your trading decisions
JSE:SSWLong
by MiWealth