SteynTrade
Short

JSE:HAR Harmony Looking Weak

JSE:HAR   HARMONY GM CO LTD
After showing signs of strength (SoS) (see the previous post) the tide seems to have turned and we are seeing some signs of weakness (SoW). Volatility has increased to the downside. The smaller TR that has formed at the top of the larger TR is also showing an increase in volatility indicating distribution. With the rally in gold , the rally in harmony has been poor and could not break the highs. This looks like there is some downside to come.
Comment: Moving to test the bottom of the TR.

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