Update: Sibanye Stillwater (SSW) | Wednesday, 02 August 2023
Readers Tip: For an enlarged view, click on the arrows in the top right corner of the images
On Monday 24 July, both my bull and bear price action scenario was presented. This represented a best probability view in the event that either the buy or sell level was triggered.
On Monday, the sell level was triggered, with downside follow-through resulting in a 5.1% ungeared move from the entry.
The is below is at yesterday's close, while the second chart is the slide as presented on Monday 24 July.
If you're an active trader, you have the following options:
(1) Bank/Take Profit on this move
(2) Adjusted the stop-loss by moving closer to the entry
(3) Scale out of the position as it approaches the target.
Original Slide: Monday 24 July 2023
If you are keen on becoming a frequent recipient of my research insights (including trade ideas), get in touch today.
Analyst: Unum Capital