Harmony Gold LTD Weekly (21/2014) Chart Technical Analysis
The Harmony Gold Mining Co Ltd (HMY) weekly chart shows the following signs:
The Price of HMY tries to make a bottom pattern for reversal but last week cut the Kinjun Sen down giving a bear signal. The MACD gives a bearish sign and the RSI too. The stock is under the KUMO Cloud. The only think that makes some doubts is the divergence on MACD.
I expect that the stock will continues the short movement that is depended of the XAUUSD movement . The first support is calculated at $2,68.
The Price of HMY tries to make a bottom pattern for reversal but last week cut the Kinjun Sen down giving a bear signal. The MACD gives a bearish sign and the RSI too. The stock is under the KUMO Cloud. The only think that makes some doubts is the divergence on MACD.
I expect that the stock will continues the short movement that is depended of the XAUUSD movement . The first support is calculated at $2,68.
