Source: Bloomberg
Technical take - Sibanye Gold Limited (SGL)
Today I will be looking to place a long trade (buy) on Sibanye Gold Limited (SGL) at an entry price of 2189c. We saw a rally in the gold price yesterday which helped the gold stocks move higher.
Take note that Sibanye Gold Limited (SGL) are releasing their results today, so this can push the price higher if we see positive results today.
Trade: Sibanye Gold Limited (SGL)
- ENTRY Long (Buy): 2189c
- STOP: 1946c
- TARGET PRICE 1: 2349c
- TARGET PRICE 2: 2603c
Always remember to apply your risk management measures before placing your trades as this will keep you trading in the markets.
Read more notes by Barry HERE.
Barry Dumas | Trading Specialist at GT247.com
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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