- This is a dedicated price action analysis of Sibanye Stillwater stock. We noted the double-top bull trap in March 2022 had sent SBSW tumbling 47% from its highs.
- Our price action analysis indicates a potential near-term bottom, with a validated bear trap price action re-test. Therefore, a Buy signal is appropriate.
- However, our reverse cash flow valuation analysis suggests investors need to taper their expectations of continued outperformance from SBSW stock.
- We rate SBSW stock as a Speculative Buy with a price target of $12.50, implying a potential upside of 14.8%.
For further details see:
Sibanye Stillwater: Speculative Buy Signal Triggered