$JSESSW - Sibanye: 1756 cps Invalidated, Now What?
See link below for previous analysis
The break below 1756 cps has prompted an update of the wave count.
A minor wave count adjustment shows wave 3 of (C) extended into five sub-waves and wave 5 is now currently unfolding and looks to break below the March 2020 low of 1537 cps.
The momentum is still to the downside but wave (C), which began in January of 2023 looks to be at a mature stage so I will not recommend shorts at this late stage of the downtrend.
The MACD is still giving buy convergence signals.
The break below 1756 cps has prompted an update of the wave count.
A minor wave count adjustment shows wave 3 of (C) extended into five sub-waves and wave 5 is now currently unfolding and looks to break below the March 2020 low of 1537 cps.
The momentum is still to the downside but wave (C), which began in January of 2023 looks to be at a mature stage so I will not recommend shorts at this late stage of the downtrend.
The MACD is still giving buy convergence signals.
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