After taking profit on the last relief rally (reversion to the mean trade) the stock finds itself making a new 52 week low.
A relief rally is possible here with next major level of support being around R22.50
The lower timeframes will give clues to whether buyers step in to possibly target R27 in the short term.
Previous idea in link https://www.tradingview.com/chart/SSW/KVlgU5LI-SIBANYE-Long-IDEA-Countertrend/
NB: countertrend idea
A relief rally is possible here with next major level of support being around R22.50
The lower timeframes will give clues to whether buyers step in to possibly target R27 in the short term.
Previous idea in link https://www.tradingview.com/chart/SSW/KVlgU5LI-SIBANYE-Long-IDEA-Countertrend/
NB: countertrend idea
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