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.