GT247.com Trading Blog

Technical take - Sibanye Gold Limited (SGL)

Written by Barry Dumas | 30 Aug 2017

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
 

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