*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.*
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
*
Inflation is a crook, we've all...
To gain access to the full note, including my updated analysis of the chart, get in touch today.
Why has the content of this note been concealed?
1. Only my employer's clients will gain access.
2. Up until this evening (including this post) and over a period of 5 years, 946 ideas/insights/perspectives as well as updates have been produced - free of charge....
Falling wedge Pattern with a Nice Double Bottom forming signalling a change in short term trend.
Good Buy Opportunity to R66.28 which is Fibonacci 0.618
Also increase in Volume at this low.
Harmony close to a strong support line coming from May 2019, and also at the bottom of the range between 51,60 and 18,20. Weekly and daily stochastics show heavily overbought positions. The weakening of the rand in the last couple of weeks has not yet reflected on the share price and i believe the rand to weaken further. As there is a head and shoulder of type...
Harmony broke a multi month downward channel in March and has since then been forming what looks like an inverted head and shoulders.
Watch for a break of the 7185 neckline for targets of 8000 and 8900 to open up.
The break will happen on the back of a rather bullish looking Gold Futures chart.
Wait for the break
Downtrend Channel Breakout
SMA50 as support
OBV > OBV Avg34
Williams %R crossed -50
Entry 4.7
Stop 3.9
Target 7.5
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Lately markets look kind of shaky and stocks that most people trade are very dangerous. We will have a shift and some of the funds will move into mining as overpriced flying pigs will start falling from the sky. I monitor this segment of the market very closely to be ahead of the crowd as thing will change. Lot's of miners been trading sideways or sliding lower,...
HMY Harmony Gold as been in downward channel and is near supporting moving average 200 ish MA. Watching for bullish behavior. Stock is relative inexpensive in price to sales and future price to earnings. If inflation theme continues, gold stocks will have favorable demand and sales growth potential.
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment.
