0A56 trade ideas
$SSW Sibanye. Range boundSibanye seems to be trading within a channel between 5800 and 4700. Watch for support and resistance levels to trade within the channel. Be wary of a a break below support level 0f 4700. No position.
Bull flag on SibanyeWe have a nice bull flag on Sibanye still water. Seemingly to be the front runner in following gold price. After the $1860 support on gold held. If the gold breaks and stays above $1930 level gold miners look rather interesting
$JSESSW Sibanye. Inverted head and shoulders building. A break of 5190 level will open 5500 and 5800 targets. Keep an eye on this one. Wait for the break.
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.
Small move on SSW if confirmedJSE:SSW is looking promising for a long position if confirmed with price action.
SIBANYE STILLWATER 1D - CONSOLIDATION OVERAnother bullish leg possible. MACD at the point of crossing. Stochastic pointing upwards. Sideward trend broken to the top side. News is also that they bought additional gold mines. Buy 4861, stop 4402 and targeting 5801 for a start.
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.
SBSW showing divergence
Let's see if this is a valid buy signal here
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
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.
all my favorite Gold/Silver mining stocks are showing reversalsthe RSI divergence with price is worrisome at this point. guts feeling is buy but technical says otherwise. Same as Barrick gold chart. suspect that GDX will demonstrate similar pattern.
Comments/feedback welcome.
A correction on Sibanye.SSW has been on an uptrend since March 19th 2020 completing a beautiful Elliot Wave pattern. Recent price action shows signs of a correction of the uptrend. I shall be looking for shorting opportunities here. For now...it's nap time.
Happy trading!
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
#Sibanye StillWater - Buy - $JSEExpectation: Market seems to be in an extended wave 5 advance. On the 4HR chart, temporary resistance at 5250 and the market may correct down to 4720 price area. One more bullish leg to 5640 or 6045 area possible.
Sibanye Stillwater - BUY (240 min chart)Current price just below 3200
Price is near support/demand zone and RSI close to overbought levels for swing trade opportunity
Risk is 10% with profit potential of 32% @ target 1 (4000)
Target 2 profit potential @ 55% (4700)
Sibanye stillwater analysis update what we currently have on ssw, is the market testing an important resistance of which the market has a history of falling when touching ...in order for buyers to continue with momentum price has to breach the resistance and turn it into support which is when i would start buying ...if however the market fails to break this level and closes this week/month below we can expect retracement in price
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.
