SteynTrade

JSE:DRD DRD Gold Testing

Long
JSE:DRD   DRD GOLD LTD
DRD Gold has dramatically lost half its value in about a week. However, after testing the bottom of the previous trading range it formed a higher high (HH) and could not stay below the yearly pivot point and 200 Day SMA. A strong reversal bar indicates an impending markup for the stock. Increases have been on volume indicating demand.

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