runyamhere

DRD Waiting on Gold Confirming of a Low

Long
runyamhere Updated   
JSE:DRD   DRD GOLD LTD
DRD has broken out of a giant falling wedge. It is now in a zone that is good for accumulation. I expect price to move towards the upper line of the wedge & break-out. The macro-economic environment is increasingly favouring gold to outperform general stocks. Ideally one to trade & take profit above gain of 30%.
Comment:
DRD finding support at lower trend line is a good sign, it has made a weekly swing low.
Trade closed: target reached

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