Running 150%: Here's The Analysis That Caught One of The Biggest Moves This Year (Sibanye Stillwater)
- Lester Davids
- Jul 13
- 1 min read
Research Notes For 14 to 18 July > https://www.unum.capital/post/r1418july
Trade Local & Global Financial Markets with Unum Capital.
To get started, email tradingdesk@unum.co.za
Previous Post: Sibanye Stillwater - Long Term Cycle Ready To Unfold?
SSW Monthly Chart - as of Thursday 27 February at 13h13 #EarlyAccess
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
Lester Davids
Senior Investment Analyst: Unum Capital
Comments