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Timonrosso
Feb 15, 2024 3:38 PM

Harmony prepping for potential upside - Wait for breakout Long

HARMONY GM CO LTDJSE

Description

Harmony is one of the laggards with Gold.

While it is moving in a sideways consolidation range, we are waiting for a confirmed breakout.

Once it breaks above, we will definitely get long and hold with a strong Risk to Reward.

But right now patience is important, cause it could also fall South quickly.

In fact, if you draw a Rectangle formation instead of an Inv H &S, it means that whether it breaks down or up, it could provide a very decent trade signal.

My bias is up purely based on being a golden bull this year.
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