That's known as a 20/50 bearish squeeze on SBSW (unable to
reclaim) so a technical view (now you have 5 waves down and some
divergence - up to reaction on earnings)
Believe SBSW reports this week - mining tax from Finland may
have impacted
In Finland The tax on metal ores is 0.6% of the taxable value of
the metal contained in the mined mineral. After the Finnish
government quadruples that to 2.4%
$SBSWis still getting it's lithium very cheaply.
What happened to SBSW? I
Posted by lsherrer on 27th of Aug 2025 at 09:58 am
What happened to SBSW? I Can't find any news on it.
That's known as a 20/50
Posted by steve on 27th of Aug 2025 at 10:51 am
That's known as a 20/50 bearish squeeze on SBSW (unable to reclaim) so a technical view (now you have 5 waves down and some divergence - up to reaction on earnings)
Believe SBSW reports this week - mining tax from Finland may have impacted
In Finland The tax on metal ores is 0.6% of the taxable value of the metal contained in the mined mineral. After the Finnish government quadruples that to 2.4% $SBSWis still getting it's lithium very cheaply.
Yeah, I don't know either.
Posted by mastermind on 27th of Aug 2025 at 10:42 am
Yeah, I don't know either. But what happened in my account is that I sold it.
It hopped my stop.
Posted by lsherrer on 27th of Aug 2025 at 10:47 am
It hopped my stop.
well technically stopped at underside
Posted by matt on 27th of Aug 2025 at 10:45 am
well technically stopped at underside of 20 day MA, I have not looked at news, just commenting on the technicals