SBSW trade ideas
SBSW in Uptrend: 50-day MA broke above 200-day MA on June 26, 20Tickeron AI shows that a buy signal is indicated by this change in price, due to the trend repositioning higher. In 2 of 2 cases where SBSW's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.
$JSESSW Sibanye ConsolidatingSibanye seems to have moved into a consolidation channel. after a good period of expansion. Bottom of channel could be a target for a possible long position 3080.
sibanye stilwater analysismy plan on ssw is to wait for a possible break of support and wait for the market to turn the support into resistance which would confirm the head and shoulders pattern, if however , the market decides to hold support, a break of trendline bullish in the lower timeframe would confirm further upside
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.
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.
Sibanye bouncing of support - buyers stepping inSSW hit resistance last Wednesday and retracted back to the bottom of the channel. This morning it hit support and the 50 day EMA held. Currently it seems buyers are stepping in. Perhaps the start of the next rally to the top of channel. One to keep an eye on.
Disclaimer: My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.
JSESSW - SIBANYE IHS Neckline- Price has come back to retest an area of interest for the bulls
- If this level successfully holds, we can expect a measured move equal to the height of the head.
- Below R32 i will be bearish on the chart and it will open the possibility to trade a "failed pattern" (Wider SL can be the 200ma)
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:SSW
SSW- Go long with a upside target of close to previous high R50Trend all above the rising 50d, what appears to have a inverted H&S formation. Falling flag against the primary trend which is higher. RSI holds steady in the bull range.
Sibanye - New lows?Sibanye, look liks only 3 waves pull back
For now we favour shorts to target new lows
Sibanye - JSE ShareIn wave 4, resistance at the 38,2% Fib level
Should see new lows whilst below R32
Sibanye Stillwater analysismy plan
1.I will Wait for the daily candle to close
2. I will go on the 1h chart and draw a counter trendline break above it would mean buyers are in control
3 .keep risk to a minimum
you can also just buy equities
break below would mean sellers are in control
$JSESSW - D/bottom or b/flag (Hr)JSESSW - similar to JSEHAR, either setup can play out
D/bottom 2191 needs to be taken out to confirm
B/flag, 1621 needs to breached to confirm
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).
$JSESSW - Bear flag formation (Daily)Watching a bearish flag formation in play
Wait for a break (3340) for confirmation
SSW- Pullback giving an entry setup for the SGL fansSSW is undergoing talks of M&A exploration in the gold space, which is perhaps why we saw such a steep sell off lately. Look to go long under R39 with a stop loss at R37. Potential targets are R42.5 and R46.5 for a more aggressive risk/reward setup
