Sibanye StillwaterFalling wedge pattern developing on the daily chart; watching for an upside break.
*Levels (entry, TP) exclusive to Unum Capital clients.
0A56 trade ideas
AG Capital -Storm trading Morning Call 22 March 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
AG Capital -Storm trading Morning Call 18 March 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
SIbanye going long soonThe market did not like UASA union accepting Sibanye-Stillwater wage offer as this could impact the bottom line. There is a strong support on this area and I will be looking to go long.
AG Capital -Storm trading Morning Call 3 March 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Sibanye Stillwater battles for new highsSBSW hitting resistance after a breakout into a bullish uptrend. Positive technicals and positive fundamentals should provide more upside.
SSW Daily Downtrend Broken?SSW has broken the downtrend on the daily chart which has been intact since mid-April 21.
Possibly might first pull back to close this mornings opening gap at around 5190. Another opening gap is left just below the round figure of 5000.
Looking for long targets of 6000 and 6450.
AG Capital -Storm trading Morning Call 17 February 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Sibanye StillwaterRounded bottom technical pattern breaking out on the daily chart; should target around 72.
Great Potential for SBSW Platinum like Metals Mining StockSBSW appears to be on the verge of completing a very solid cup & handle pattern if we can break 20$.
Would expect a move up from there followed by a retest and eventual target of 37 for an approx 150% gain. Physical platinum appears to have bottomed at 600$ in 2020 and has broken a long-term trend line currently trading at 1025.
Future in hydrogen full cells also very bullish for platinum
Bearishthis is my personal thoughts.
this is not financially advised and im not a financial advisor.
Pairs Trade Update: +13.8% On Long SSW/Short IMP Over 3 WeeksPreviously, I suggested closing the idea for a decent ultra short term gain. As you'll note on the daily chart, the pair (Long SSW/Short IMP) kept running to trade just below the 0.26 ratio target price.
Original idea and updates attached.
At Friday's high, the gain was +13.8% over 3 1/2 weeks.
A pair's purpose is meant to be two-fold:
1. Hedge - taking both long (buy) and short (sell) positions to potentially minimize downside risk.
2. Generate alpha with minimal market risk/exposurei.e. taking no market or index-level directional bet.
Currently, I'm looking at possible pair trading opportunities for our client base for the upcoming week and beyond. For more real-time insights and trade ideas or if you're considering am alternative trading service provider, get in touch today.
Sibanye-Stillwater has broken out of consolidation $SBSW is looking to enter its next leg up, as it has broken its downtrend on the recent Rhodium strength.
JSE:SSWA LT view here. Price has tested SR at 4600level and moved higher but needs to break the downtrend and close above the red trendline to continue bullish price action. Looking for a close >5700 for a long pos. There has been a recent MACD bullish cross on the weekly chart if you use indicators. Watching the stock here. As always manage your risk
AG Capital -Storm trading Morning Call 13 January 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Further Update: SSW/IMPMARKET NEUTRAL STRATEGIES: Satisfactory outcome on this market neutral/pair idea published on 27-December. The idea was to be LONG Sibanye Stillwater vs SHORT Impala Platinum. By this yesterday's close (11-Jan), we saw a net return of +6.3%.
Both the original idea and close are attached.
For more market neutral data and ideas, get in touch today.
Sibanye Stillwater's monthly log chartA close above the annotated lines would be the "noise reduced" buy signal.
Pair Idea: SSW /IMP +3.4% Ungeared Over 10 Days. Take ProfitPair Idea: SSW /IMP +3.4% Ungeared Over 10 Days. Would be taking some profits here.
For more market neutral strategies, get in touch today.
Original Idea attached.
AG Capital -Storm trading Morning Call 10 January 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Market Neutral Idea: Long SSW/Short IMPFor anyone that trades pairs, this is possibly worth a look...3-month performance gap has widened, among other factors.
A pairs trade strategy is based on the historical correlation of two securities. When pairs from the trade eventually deviate—as long as an investor is using a pairs trade strategy—they would seek to take a dollar matched the long position in the underperforming security and sell short the outperforming security.
Levels:
Entry: 0.2250
Stop: 0.1950
Target: 0.2600
For more real-time insights and trade ideas, get in touch today.
SSWSSW came into the box and its going
@Miwealth, we make use of a wide arrange of strategies tools and reports to predict market movement, we are in nature attempting to trade the impulsive moves or larger correction in price, we therefore make use of fundamental analysis mainly using COT report analysis and overall market conditions such as market structure and Wave analysis. We use Wyatt's pivots on MT4/5 to find market support and resistance zones that's calculated on a yearly, monthly, weekly and daily basis. Overall, our strategy also combines price action.
We are not sniper traders, and we trade weekly and monthly swing traders.
We don't provide signals but provide a journey to getting funded to make consistent long term returns that are in excess of 3-5% pm.
The above analysis incorporates all our trading experience and therefore we only provide entry SL and TP levels.
MiWealth in terms of South African law is not a registered financial service company, and thus we do not provide financial advice, all ideas shared on trading view is our view and not necessarily in line with yours therefore you carry your own risk on your trading decisions
Enhanced Magic Formula for fundamental analysisThis is an experimental procedure based on fundamentals. Since, there isn't much option to backtest these methodologies, I am trying to create a trade and then measure performance over long period of time.
Magic Formula investing method is invented by Joel Greenblatt . In a nutshell strategy does following:
Rank all the stocks based on Return on Capital
Rank all the stocks based on Earning Yield
Add these ranks to come up with a combined rank.
Invest equally in first 10 stoscks of combined. Rebalance yearly.
Concept here is, earnings yield represents value whereas return on capital represents quality. Combining these two to get the stocks which have best of both.
More information on the methodology is present here: www.investopedia.com
Improved Method :
Since, tradingview does not allow comparing fundamentals or technicals of all stocks, I had to do this in python. Output report can be found here: docs.google.com
Basic Filtering of Stocks:
Basic filtering of stocks is done based on the methods as mentioned in quality screen indicator:
Since the financial data is taken from yahoo for generating report, some of the quality parameters are not included and there can be slight changes in the fundamental values present in tradingview. No other initial filtering is applied.
Derive ranks on several Value, Profitability, Growth and Cashflow parameters:
Value Parameters : P/E, P/S, P/B, P/C, P/FCF, PE-Forwarding, PEG Ratio
Profitability Parameters : ROA, ROE, ROI, GrossMargin, OperatingMargin, ProfitMargin
Growth and Momentum Parameters : Quarterly, Half Yearly and Yearly Performance, Upside Calculated from analyst valuation
Cashflow Parameters : Quick Ratio, Current Ratio, Debt to Equity, Long term Debt to Equity, Debt to Assets, Long term debt to assets.
Derive composite rank for Value, Profitability, Growth and Cashflow based on individual ranks:
For example, Add up all ranks of value parameter to come up with Value Score. And then sort value score in ascending order to get value rank
Derive combination ranks such as value/growth rank, value/profitability rank etc by similar method: Also create combined rank which considers all 4 ranks - value, profitability, growth and cashflow.
Sort the values based on combined rank to get top value/quality stocks - which represents lowest score.
Final stock selection consideration : Instead of picking first 10 stocks, I have picked stocks from different sectors thus sacrificing bit of Magic Formula edge. This is to avoid high concentration on single sector.
Final list of stocks selected:
SBSW - Basic Materials (Gold)
VALE - Basic Materials (Industrial Metals and Mining)
GOOG - Communication Services (Internet and Information)
CROX - Consumer Cyclical (Footwear and Accessories)
ENVA - Financial (Credit Services)
EVR - Financial (Capital Markets)
UTHR - Healthcare (Biotechnology)
LPX - Industrial (Building Products and Equipment)
TER - Technology (Semicondoctor Equipment & Materials)
AMAT - Technology (Semicondoctor Equipment & Materials)
