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SIBANYE STILLWATER LTDSIBANYE STILLWATER LTDSIBANYE STILLWATER LTD

SIBANYE STILLWATER LTD

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SBSW/N trade ideas

SBSW - 7 year sideway actionStillwater Mining has moved sideways for the last 7 and half years. A return to all-time highs would mean almost 70% gains from here, but what could happen should it FINALLY start trending UP? It fell out of BLACK rising channel back in March, but it flew right back inside of this steep rising channel, and as long as it stays inside, it can rise substantially. You may have heard that paltinum is historically cheap relative to gold. SBSW provides great leverage to the long platinum trede, as long as you can handle the volatility. Full disclosure: long SBSW at 0.5% of total assets. Will try to buy more at black rising channel support.
NYSE:SBSWLong
by dogchasingcogChasingCars
1
SBSW & PLG breakout coming Two platinum/palladium miners that are set to catch up with the broader market rally. SBSW: Above its VWAP from recent peak, VWAP from February peak and VWAP from March low. Also consolidates above 50 EMA which found support at the 200 EMA and is now pushing price higher. I have removed the 5 and 20 EMA in order to see the VWAPs but please add them to your own chart and you will see they are in a very bullish position. PLG: Still has some work to do consolidating below the 200 EMA and VWAP from recent peak, while above the 50 EMA and VWAP from Feb peak/March low. I have picked the $1.70 level as the final resistance level. I am going to watch SBSW as it is technically closer to a breakout, and if the breakout occurs, PLG has a very high probability to move higher.
NYSE:SBSWLong
by ETrades1
SSW*Extract from client research note 01-June-2020 SHORT TERM VIEW: 7 out of the last 8 trading sessions has seen a negative close, with the price being down by 22.3% from the 20 May peak of 41870c. In this case, there may be a possibility that we could see a ‘small’ rebound at these swing lows. MEDIUM TERM VIEW: The medium term bias is lower with the price below the 8, 21 and 50-EMA’s – all of which are starting to show a sideways to downward bias. There is also a risk that the price loses the current support and targets the next swing support which is just below the 200-day simple moving average.
JSE:SSW
by LD_Perspectives
Sibanye StillWater(SSW) Technical Analysis The aim of this analysis is to determine a clear and defined entry point or buying price for the shares of SSW as the share price declined due to the impact the recent pandemic outbreak has on the global economy and which affects all the sectors and industries in the ecosystem. The upside is that it resulted in most shares losing more of their value which creates more opportunities for investors to buy and hopefully the value recovers over a period of time to enjoy capital appreciations. SSW in the mining sector is no exception to the above-mentioned event. I have identified two possible good buying prices: The first sound buying price will be 1353(R13.53) per share which is represented by the orange horizontal trendline. As indicated on the graph, the trendline once acted as the support from the beginning of 2017 until the end of the year with numerous price tests but it failed to break through, this shows the strong strength of the support. The price finally broke down the support just at the beginning of 2018 of which during the course of the year the previous support was tested twice as the resistance and the price managed to shoot through in 2019 and it became the support once again, so now is due to be tested again. At this point, I suggest one buys partially and then waits for a break-through or a bounce back to buy the rest of the desired shares (to be discussed below) The second possible buying price will depend on what transpires at 1353 support. There are two possibilities that could take place, the first one is that should the price shoot through that will be a great opportunity to even buy at a cheaper price than the first purchase and the second possibility is that the price might fail to break-through so it will bounce back to test the ascending trendline as resistance which has been acting as the support from 20th July 2018 until 19th March 2020 when price managed to shoot through. All of that being said any price between 1600 and 1400 is still a good buying price given the fact that the share price recently reached 4959 in mid-Feb this year(2020).
JSE:SSW
by KingLLD