Sibanye With Another Failed Daily Cycle
מעודכן
Sibanye came in with not so good earnings causing price to capitulate, in that process it went lower than R28.60 (21 August price), this represents a cycle failure early into another daily cycle that must lead to a yearly low. We can get a rally from buyers perceiving R28 level as a good buy how since the cycle is failed we can expect price to eventually trend lower than R28.44.
הערה
Sibanye has continued down, we can expect a weak bounce out of a half cycle low before it continues downwards.הערה
Sibanye short has done well, signs of positive divergence on weekly chart forming, a good point to harvest most profits.
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כתב ויתור
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