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RossLarter
Oct 4, 2021 12:15 PM

Goldfields Upswing coming? Long

GOLD FIELDS LTDJSE

Description

JSE:GFI is showing some signs of a change in momentum. We have been in a downswing since June this year and I think we could potentially see a move upward. It is currently bouncing off of a strong support level and if not a complete reversal, I think we could at least see a retracement upwards before continuing downwards. I will wait for the two EMA's to cross in order to confirm the upward move before entering.

Trade closed: target reached

Comments
Thinus5422
Analysis was spot on.
RossLarter
@Thinus5422, Yeah, this one worked out great!
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