Trading Sibanye Stillwater (Gaining 9 to 11%)

Trade Sibanye Stillwater with Unum Capital.

To get started, email lester@unum.co.za

On Thursday we discussed the long term cycle while also on Thursday, the end of day model reading was on point in alerting traders with a buy reading. This means that traders had an opportunity to accumulate the following session (Friday) with the share trading between 1388c and 1440c. Since then, the share has gain over 11%. The move is in line with our commentary and data on the rest of the Platinum shares ( https://www.unum.capital/post/plat-shares-gain )

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Previous Post: Monthly Cycle ready To Unfold?

SSW Monthly Chart - as of Thursday 27 February at 13h13

Upper Panel: SSW Relative To JSE Top 40 Index (Weekly Chart) - as of Thursday 27 February at 13h10

Lower Panel: Distance vs 200-Week SMA. The ratio is trading 67% below it's 200-week, which is an extreme disconnect from the long term average.

In July we discussed a potential scenario for the share, with the potential path being a drop down to a potential range 1264c to 1353c before a potential rally off the long term channel support. The share dropped to 1400c which was followed by a rally to 2300c. Taking a step back, are we seeing the long term cycle unfolding? The slide below is from report: "Active Trading Plan: Monday 29 July 2024".

Related Post: Sibanye Stillwater: Right Reading, Right Time

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Lester Davids

Analyst: Unum Capital