Bullish Flag on SSWJSE:SSW is busy forming a Bullish Flag pattern. With the breakout of the the "flag" this morning, if it trades higher tomorrow, we could be looking at a nice upward move as high as the length of the "flagpole".
Sibanye
Small move on SSW if confirmedJSE:SSW is looking promising for a long position if confirmed with price action.
Sibanye - New lows?Sibanye, look liks only 3 waves pull back
For now we favour shorts to target new lows
Sibanye - JSE ShareIn wave 4, resistance at the 38,2% Fib level
Should see new lows whilst below R32
SGL ChannelJSE:SGL is trading in quite a strong upward parallel channel. If it fails to break through the bottom, we can expect that it will head upwards towards the top of the channel.
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.
SGL - Bearish Double TopJSE:SGL has formed a bearish double top. It is still quite a distance a way from confirming the signal, but let's keep an eye on it for when it does confirm the short position.
$J150 JSE Gold miners index, ready to be accumulated once more?Think the chart says it all - a very important level of support here on the jse gold miners index. Also a 61.8 retracement of Nov/Dec low & Feb High. Perhaps a very decent area to accumulate gold miners once more. Ties in nicely with gold spot price breaking out its wedge #Bullish - #anglogold #sibanyegold #harmonygold #goldfields
SIBANYE GOLD LTDHere we had a bearish trending channel which just got broken out and re-tested, now the market is going bullish towards the 2715 zone and if it breaks above that key support level, it should be heading to 3820 where sellers will then flock in.
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.
Sibanye Goldmine at trendlineSibanye saw a decent downward direction and is now sitting at it's trendline. Their new Palladium fields could bring them back to business.
R/R is eminently good
Enjoy the trade
