Panjang
Sibanye
The share price of Sibanye has moved into a triangle shaped consolidation. The consolidation follows the strong uptrend we have seen on the stock. The triangle consolidation alludes to a short pause in the trend before this trend is continued. A close above resistance at 4040 would consider an upside breakout, confirming the pattern and continuation of the uptrend. In this scenario, traders might look for a move higher proportionate to the height of the triangle pattern. A close below the lower level of triangle support would suggest the failure of the move.
A close below the 3650 level would instead consider a downside breakout, suggesting a reversal of the preceding uptrend. As triangles are more commonly thought to be continuation patterns, a downside breakout would not be considered a favourable trading scenario (unlike the upside breakout scenario highlighted above).
A close below the 3650 level would instead consider a downside breakout, suggesting a reversal of the preceding uptrend. As triangles are more commonly thought to be continuation patterns, a downside breakout would not be considered a favourable trading scenario (unlike the upside breakout scenario highlighted above).
Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.