Sibanye has broken out of a rounding bottom pattern, and i have already entered the long position. If first target of R52 is reached it will confirm a larger rounding bottom and breakout will target R55 which will be my second target. Word of warning a rising wedge has formed, and a break to the bottom can be used as a stop. I would still hold and wait it out to the upside.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.