AWPEARCE1

DRD GOLD 1W - LAST DIP

Long
AWPEARCE1 Updated   
JSE:DRD   DRD GOLD LTD
Production up 45%, Consolidation almost over, i also believe that the rand will start weakening again. Expect further pullback to the closure of the gap, and maybe a bit further to the bottom of the trendline. This will be a good time to buy with maybe a short stop loss if you are into that kind of trading. Stochastics are almost all on oversold levels.
Comment:
This will also give time to catch up with the rest of the gold market, which lags behind due to DRD'S LOW COST OF EXTRACTION

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