$JSESSW - Sibanye Stillwater: How Low Can Wave 5 Go?
See link below for previous analysis.
PGM stocks have clearly not yet bottomed.
Sibanye is trading as previously forecasted and looks to be in the fifth and final wave of wave (C).
Price action has been choppy from the wave 4 peak suggesting wave 5 could be an ending diagonal.
How much lower the stock can go is anyone's guess so I stay short until I get reversal signals.
PGM stocks have clearly not yet bottomed.
Sibanye is trading as previously forecasted and looks to be in the fifth and final wave of wave (C).
Price action has been choppy from the wave 4 peak suggesting wave 5 could be an ending diagonal.
How much lower the stock can go is anyone's guess so I stay short until I get reversal signals.
