Sibanye Stillwater

Sibanye is fighting to stay above the support line at R62, and as long as it is successful Sibanye will stay in its uptrend and continue to push higher. However, If Sibanye doesn't hold R62 then it could test R58 and then potentially R55.

For now, Shorting it now could get you burnt, and on the other hand, going long could also get you burnt- so its a catch 22. But for the risk takers there is opportunity to take advantage of indecisiveness.
I'll be going long at this current price of R63.80.

There is downside risk of 15% if it falls to R55, however there is also an upside reward over 20%, especially if it continues to climb higher and breaks out from a potential ascending triangle.
I have a stop loss at R54.
My Price target to take profits is at R76

Sidenote:
We can see that Sibanye broke out of an ascending Triangle earlier and could do the same as long as it holds support at R62 and doesn't closer at a lower low.

I trade Sibanye, but I also have long term holdings.
Long term I remain bullish on Sibanye, and if it falls to R55 I will pick up some more shares for the long term.