SIBANYE - Staying bullish- After posting the inverted head and shoulders pattern trade in May 2020, target was reached and price consolidated, testing the resistance area around
R57
- We recently broke through and chart looks poised to continue it upward trajectory.
- It would be risky to chase momentum here with a full position. A better entry would be to wait for a possible retest of the resistance now turned support zone or better still, the 100 day moving average.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
* initial long idea in link *
S1BS34 trade ideas
SBSW breakout real?Wait and see. Still look like a pump n dump now...
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.
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.
SSW Big Run aheadThe story is not in the Technical but in the company fundamentals.
When we have look at the history it is a transformational story in my view . See the no dividend gap between 2016 and 2020 it when with many acquisitions , and a pile of rocks in the road ..during the time , they extended debt maximum , battled on some of the old ultra deep assets , but boy did they buy at a low.
It is a fundamental different company the margins is up from 15% to 50% on a massive base. Debt will be fully covered and the Dividend is going to be immense . There will be great reward for those shareholders that has supported them until now. take note that the new dividend has started and the turn has anticipated this . However if you look at market cap and fundamentals finance they are under valued at the performance by a mine ....
That is my view i am betting on this share . I believe in what is done and i anticipate a big dividend and a major re evaluation . Then in 2021 there will be action again
This is just my opinion and i share with you my personal views. Please make your own assessments.
Bullish after break from consolidation period. Current support line is holding, despite USA politics.
Previous break from consolidation 19 June 2020: -DT intercepts +DT
Per current DMI: +DT closing in on support
-DT closing in on +DT.
After intercept will show break from current consolidation period, I'm bullish on SSW after the break.
SSW Bull Bear ViewAn index re-balancing and/or an exclusion from the GDXJ is seen to be the reason for SSW's recent decline which was accompanied with above average volume.
Bull Approach: Buy at the nearest swing support between 46.95-47.60.
Bear Approach: The 7 and 14-RSI continues to trend lower, suggesting weakness. Sell on a rebound into the 8/21-EMA at ~52.45-53.00.
This chart forms part of a larger research report and should not be viewed as a recommendation to buy/sell.
There is certainly UpsideTrading statement is strong despite The operations dealing with covid risk and 30% lower production . The prices is overshadowing the effect of Covid . If and if prices hold where they are . Sibanye will wipe there Debt and that means there is dividends and further growth . that is why i believe there will be a upward trajectory developing...However you need to watch price like a hawk and adjust for it