Harmony (HAR) is probably South Africa's most marginal gold mine. A marginal gold mine is one which has a cost of extraction which is relatively close to the current gold price. This means that small movements in the rand price of gold can have a radical impact on the mine, pushing it from profit to loss and back to profit very quickly. The result tends to be a...
Harmony Gold Mining Company Limited (HAR) stands as a notable example of a marginal gold mine within South Africa's mining landscape. The nature of marginal mines—where the cost of extraction is closely aligned with the prevailing gold price—renders Harmony particularly sensitive to fluctuations in the rand price of gold. This sensitivity often results in a...
Harmony Gold Mining Company's status as one of South Africa's most marginal gold mining operations paints a picture of a company operating on the fine line between profitability and loss, largely due to the close relationship between its cost of extraction and the fluctuating gold price. This delicate balance results in a share price characterized by volatility...
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...
One of the strong stocks in the gold sector looks like it wants to breakout. But it's better to enter on 1rts pullback rather than trading risky breakouts.
Harmony (HAR) is probably South Africa's most marginal gold mine. A marginal gold mine is one which has a cost of extraction which is relatively close to the current gold price. This means that small movements in the rand price of gold can have a radical impact on the mine, pushing it from profit to loss and back to profit very quickly. The result tends to be a...
M Formation has been forming since November 2023 where the high was R120.
There are lower highs forming and it looks like the price is about to crash down.
This is unusual as gold stocks tend to be a hedge when the markets crash. But I guess with the Dollar strengthening and with America picking up in 2024, there are some disadvantages for the gold market...
Harmony Gold Mining ADR (American Depositary Receipt) is making waves in the medium to long-term market, riding a rising trend channel that signifies positive development and a growing buy interest among investors. This South African mining company has not only broken through significant resistance levels but has also showcased a robust performance, demonstrating...
Harmony (HAR) is probably South Africa's most marginal gold mine. A marginal gold mine is one which has a cost of extraction which is relatively close to the current gold price. This means that small movements in the rand price of gold can have a radical impact on the mine, pushing it from profit to loss and back to profit very quickly. The result tends to be a...
JOHANNESBURG - Harmony Gold Mining Company Limited (NYSE: HMY) shares climbed 9% to $4.87 in premarket trading Today, following the announcement of a robust fiscal first quarter performance. The South African gold miner reported a significant increase in gold production and a reduction in costs, leading to a notable 31% rise in the company's stock since the start...
Harmony has broken out of a downward trend, is this a false breakout ? Moving average has crossed on the daily chart and Stochastic has crossed on the weekly chart. Small stop loss.
Harmony (HAR) is probably South Africa's most marginal gold mine. A marginal gold mine is one which has a cost of extraction which is relatively close to the current gold price. This means that small movements in the rand price of gold can have a radical impact on the mine, pushing it from profit to loss and back to profit very quickly. The result tends to be a...
Harmony Gold is caught in a broadening wedge, rejection at resistance is sending price towards the support where we see weight of evidence favouring a bounce as there the 200 DMA is tracking the wedge support. First price must negotiate current level where there is some horizontal support.
Harmony (HAR) is probably South Africa's most marginal gold mine with an all-in sustaining cost of production of $1660 against a gold price of $1907 per ounce. A marginal gold mine is one which has a cost of extraction which is relatively close to the current gold price. This means that small movements in the rand price of gold can have a radical impact on the...
Currently, we're observing the price action of HAR.
On the daily chart, a potential Cup & Handle (C&H) formation is taking shape. Recent action has caused the price to dip slightly below the brim, but a stronger break downwards move is needed for confirmation.
Concurrently, there's the presence of a falling wedge pattern, suggesting the possibility of an upward...
The 200 day moving average may be used as a dynamic support/resistance level which the price has bounced of the moving average.
There is a MACD bullish divergence unfolding.
Idea : Long/Buy
Stop loss: R69.90
Target: R86.50
Risk/Reward: 1:2
