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SIBANYE STILLWATER LTDSIBANYE STILLWATER LTDSIBANYE STILLWATER LTD

SIBANYE STILLWATER LTD

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SBSW/N trade ideas

SSW: speculative short-term tradeThis is the 4-hourly chart. It will appear that a rounding bottom pattern is developing. The price action is busy with a pull-back. A pullback refers to a temporary reversal of the prevailing trend in the price of a share. Will place a stop-loss at 3950. The target price is set at 4650. A rounding bottom pattern can sometimes develop into a cup and saucer pattern. The cup and saucer pattern is a bullish continuation pattern that resembles a cup and saucer, with a rounded bottom followed by a small downward price move (currently busy with this), then a flat consolidation, and finally a breakout to the upside.
JSE:SSWLong
by Peet_Serfontein
SIBANYE - UpdateAfter the recent post where i highlighted that JSESSW was building up energy and ready for a new leg, the break came explosively yesterday with a +11.1% move up through the 200dma. Price is now into a resistance zone (R42.60-R44.50 where bulls will likely need to regain their breath. A 'gap' fill is also at R43.43 I will continue to monitor how the price action develops here to see if this move will be sustained and have enough momentum to target the next swing high around R50.
JSE:SSWLong
by Trader-Dan
2
$JSESSW - Sibanye Stillwater: Potential Double Bottom ReversalCommodities, especially the stocks of diversified miners, have a tendency of having complex price patterns. SSW is no exception and it was a challenge coming up with the best labelling of this chart. The large structure I am looking at is an expanding flat labelled wave (A) to (C). In an expanding flat, wave (B) makes a new high relative to the previous top. Wave (C) has unfolded as an extended impulse. It is too early to say a low is in at 3542 but if it is in, we could have a double bottom looking at where wave 5 of (C) terminated relative to wave 3 of (C). Any longs opened should use 3542 as a stop-loss level.
JSE:SSW
by Loyiso_BlaqueSoros_Mpeta
3
$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
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
Sibanye- 3 Key levels broken!I have pointed out the key levels which indicate a strong sell signal for this stock. Firstly, we have the breach of the 50 day moving average which was the first sign of weakness followed by the break of horizontal support (2). The most significant of all is break below the 200 day moving average which is the foremost sign of price weakness. It is starting to feel like the market is anticipating disappointing earnings on the 28th Feb, so I think you can target a short move to 40.50 for a quick profit. It could go lower but that would be a tidy enough profit.
JSE:SSWShort
by RobbyP
Sibanye Stillwater: Unwind UnderwayThe majority of my research insights are published for clients and occasionally highlighted on this platform. To become a regular recipient of my research, including trade ideas, get in touch with me today for a brief discussion. Follow-up: On 11 January 2023 I flagged this chart, highlighting the downside risk as the share traded at the upper boundary of a rising channel. Inserted is the original image and attached is the original post here on Trading View.
JSE:SSW
by techpers
Greenwashing Can Only Take You So FarSibanye-Stillwater follows a number of broader correlations. Platinum, palladium, gold, gold miners, the SA40. But until now nobody has mentioned that--because of its earnings misses lately-- perhaps the market is pricing in SSW's overextended battery metals M&A strategy. Will they ever make money on their new lithium acquisitions? Is SSW even making money in its catalytic converter recycling segment? It is the largest such company in the world, so it's worth asking. In the short term macro, global electric vehicle production is going to slow; I don't see how SSW will profit from this in the near term. Now to the technicals of my bearish bet. Breakdown from a Rising Wedge has formed into a Head & Shoulders with the second shoulder rejecting back under the 200 Exponential Moving Average after a notable increase in selling volume. Panning out on the longer term, this is a rejection from previous support of the topping structure. I do not believe that this is a breakout from an Inverse H&S nor a base breakout + retest move. I believe SSW has topped and will continue to move lower.
JSE:SSWShort
by sdeutsch95
1