Trade Sibanye Stillwater with Unum Capital.
To get started, email lester@unum.co.za
Sibanye Stillwater recently reached a high of 1922c. The move is in line with the model reading as discussed here: Sibanye Stillwater: Right Reading, Right Time
Currently higher by 18% (ungeared).
Current Model Reading:
__________________________________________________________________________________
The model reading below is as of the close of trade on Friday 10 January (as part of previous post below).
Previous Post (Sunday 12 January): Trading Sibanye Stillwater. Here's What You Need To Know.
Q: What is the 7-Day Trend for Sibanye Stillwater (SSW)?
A: The 7-Day Trend is Strong.
Q: What is the 14-Day Trend for SSW?
A: The 14-Day Trend is attempting a bullish reversal following a rangebound consolidation phase.
Q: What is the Short-Term Price Action Reading for SSW (1 to 10 Trading Days)?
A: The short-term price action reading is attempting a bullish reversal following a consolidation phase.
Q: What is the Medium-Term Price Action Reading for SSW (2 to 4 Weeks)?
A: The medium-term price action reading is attempting a rebound following a downward trend. This may consolidate further before continuing higher.
Q: What is the Long-Term Price Action Reading for SSW (5 to 8 Weeks)?
A: The long-term price action reading is range-bound in a weak regime. Recovery buy/long is triggered on strong bids and break of current range high.
Overall, the model suggests that SSW is currently in a bullish phase. The short-term and medium-term trends are both attempting to reverse upward, while the long-term trend is consolidating.
Related Post: Sibanye Stillwater: Right Reading, Right Time
Lester Davids
Analyst: Unum Capital
Comments