SteynTrade
Long

JSE:HAR Harmony Gold Markup

JSE:HAR   HARMONY GM CO LTD
The gold price is showing strength and with it gold stocks. HAR has broken its accumulation range and backed up to the range on declining volume . A strong rejection of the Yearly Pivot Point could indicate that the markup is about to start.
Comment: HAR has been acting very week with decline on some volume and break back into the trading range. It seems to have found some support but this could only lead to a move back to the Yearly Pivot Point before testing the bottom of the TR.
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