I missed Harmony Gold Mining on wave 2 and (ii) and have regretted it, but not going to chase here. HMY was the undisputed leader off the lows, bottoming in late 2015 before many miners which saw their prices bottom in Jan '16.
This stock has been pounded and has moved well recently but think could move much more with light of recent events, at the end of the day the markets and economy are a mess so gold I think with minors will start moving higher but stop is set for low risk
Previous expectation of trend reversal did not come as soon as initially expected. This time, a pattern of double top with a potential shoulder is prevalent in the charts. There is also a possibility of another reversal to trace another right shoulder before entering a downtrend. Same expectations as the previous idea, except this time the SHORT position is...
This stock demonstrated very good harmonics. No wonder with a stock name "Harmony".
The price trend is very similar to GOLD price.
It is clearly that the price has broken the downward channel. Looking forward to a pull back of 61.8% then long at $2.
above could fry pan bottom buy our book on amazon and see the best paterns
stoc crossed cci and percent rr in top range
c money flow good along with relative strength
It looks like a 3-month pump. The past history shows retraces 60% to 80% based on previous month's of price action. At the moment, it has tapped the Strong Resistance of $4.25 and surpassed Minor Resistance before that, at around $3.60. $3.60 has now become the new support, which must be breached in order for us to follow through and Sell Short at around $3.40...
This Stock has had a massive run up as the price of Gold has moved higher. Typically this market retraces 60% to 80% based on years of price action monitoring. Strong Resistance can be found at 4.28 area, which so far has been respected. Minor Resistance before that at 3.62 which is now support must be breached in order for us to follow through and go Short at...
I'm layering in orders at retrace levels indicated. Note the % differences. This is a HIGH RISK strategy if anyone were to follow me. A much safer entry is after a 3-wave retrace to support as indicated, followed by taking out the 4.18 high. That said, there's no guarantee of a retrace at all, or certainly not of a deep retrace.
Red line indicates the...
Harmony has reacted strongly off the Nov '14 low of what appears to be an Ending Diagonal. The move was almost 700% in under 4 months. Unreal. Price has retraced near the start of the ED - fairly common - and may offer a retrace . I'll buy anything in the blue box. Layering in limit orders as indicated on hourly chart.
The Harmony Gold Mining (HMY) Daily Diagram Technical Analysis Training shows the following:
The (HMY) share reacted yesterday making a bullish engulfing that we expect a confirmation today. Yesterday, at the end, almost all Gold Mining Shares turn upside. RSI is oversold. MACD is bearish.
The share is under the KUMO, the Kijun Sen and Tenkan Sen too...
Looking at the Harmony Gold Mining (HMY) Daily diagram we found a possible divergence in MACD.
The stock has lost the Gold rally until today.
The Fib shows that the $2.68 is the 0.236 of retracement.
I think that after the JPMorgan's upgrade to overweight the Stock has seen the bottom here.
HMY @ 1998 lows. One of lowest p/b among peers. Beta 0.11
Weekly chart starting a positive divergence RSI right on the median live.
GC/HMY ratio @ ATH showing itself a negative divergence (not shown here).
Given:
1-Gold Shorts Covering At Fastest Pace In 13 Years
2- Mkt flooded with demands for physical coming from Asia
3-the head and shoulder inverted about to b/o
4-the strong correlation with GC
Risk: stop on the head
Bottom spotted on purple Schiff's parallel
Note 2005-2008-2013 years fibo bottoming progression
Long term blue parallel test matches w/ 144 sma
*spread w/ gold hinting oversold levels
