Resource Centre: Tools/Insights
Trade Sibanye Stillwater with Unum Capital.
To get started, email lester@unum.co.za
The most recent low for SSW was on 31 December when it traded as low as 1495c and as high as 1595c.
At the close of the previous session (30-December), the short term reading stated that the share had become attractive for a buy/long position.
Since then, the share has made a solid bullish reversal, advancing by 13% to today's high of 1731c.
Below is the time-stamped reading:
Previous Post (28-Dec): SIBANYE STILLWATER Remains Weak Across The Major Time Frames
Overall View
The model presents a bearish outlook across short, medium, and long-term timeframes. This suggests that the market is currently in a downtrend and traders should be cautious about taking long positions.
Timeframe-Specific Analysis
Short-Term (1-10 Trading Days): The 7-day trend is bearish with high momentum, indicating a strong downward move. Aggressive selling is likely and traders should wait for lower timeframes to stabilize before entering any trades.
Medium-Term (2-4 Weeks): The 14-day trend is also bearish, reinforcing the short-term view. The market is persistently weak, and traders should monitor if price can reclaim prior session lows for a potential bullish reversal trade.
Long-Term (5-8 Weeks): The long-term trend is very weak, suggesting a sustained downtrend. Traders should wait until the market stabilizes on a lower timeframe before considering any trades.
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