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Analysis: #NYSE $SBGL
Case 51 #Sibanye Gold Ltd ADR
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
Thread 👇👇👇
#SBGL 1/5
Case 51 #Sibanye Gold Ltd ADR
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
Thread 👇👇👇
#SBGL 1/5
Sibanye Gold got hammered in 2016 and turned bearish but 2019 has seen this #stock climb steadily.
SBGL 2/5
SBGL 2/5
Chart 1
Monthly Chart: Price failed to close below the monthly Fib. 0.942 but had been underpinned by the SMA 20 for the last 2 years. But by Feb. 2019 price managed to close above both pivot resistance and SMA 20. Currently trades just below the synthetic resistance.
SBGL 3/5
Monthly Chart: Price failed to close below the monthly Fib. 0.942 but had been underpinned by the SMA 20 for the last 2 years. But by Feb. 2019 price managed to close above both pivot resistance and SMA 20. Currently trades just below the synthetic resistance.
SBGL 3/5
