$JSEGFI Goldfields. Bearish looking weekly candleWarning to longs to maybe start taking some profit.
EDG trade ideas
GFI stock price forecast timing analysis. 13-Jun-2019GFI
Supply-Demand trend analysis: About to begin an upward trend as a rebounding trend gradually gives way to limited rises and decreases and Rising section of high profit & low risk.
Supply-Demand strength flow appropriate to the current trend.
D+1 %Change Rang and candlestick forecast: 2.4% ~ 0.2%. Green candlestick
you can see a detailed forecast analysis data as below
Top5 oversold/overbought according to RSI & GoldfieldsEnd of week 31May19. Most of the companies finding itself in the top oversold list are there for good reason and would I caution all “bottom-pickers” to be very careful buying into these companies. FTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow:
Oversold:
Clover 15
Brait 18
Tongaat 21
Glencore 23
RDI Reit 23
Overbought:
Allied Electronics 80
Gold Fields 78
Cartrack 74
Fortress B 70
AngloGold Ashanti 69
Spending some time on Gold Fields . You know the world is becoming increasingly worried/pessimistic, when you see these kind of “towers” happening in gold companies. The US also back into “Extreme Fear” territory according to the CNN Fear & Greed Index ( money.cnn.com ) – first time since the big drop in US markets end of last year.
Gold Fields made similar movements when US dropped end of last year, which tells us that a pattern is developing.
Gold Field however broke a very strong resistance level on Friday; one that has never been breached since November 2016. Although the share price is finding itself in extreme overbought circumstances (according to 14-day RSI and relative price movement against FTSE/JSE All Share), do find itself in a whole new trendline, with any further “Fear” growing worldwide, could see Gold Fields test the R70-R90 levels traded back in middle 2016.
GoldFieldsGold fields is currently testing overhead resistance on the Daily chart.
But if you zoom in the same chart, it looks like we might be having a bull flag pending a break-out.
Observing for now!
Goldfields Descending Resistance BreakoutJSE:GFI has broken through a descending resistance line and is looking good for a long position.
GOLD FIELDS LTDPrice action idea for long term.
Levels speak for themselves.
Not financial advice. Manage risk & take care.
Morning Star on GoldFieldsA Morning Star pattern has formed on JSE:GFI which is a bottom reversal signal. This coupled with a bounce of the bottom support strengthens the signal.
A Morning Star is found after a preceding down trend where the 2nd candles body must be below the 1st and 3rd candles body. The 3rd candle must close above 50% of the 1st red body.
I will enter this trade long and try to reach the target at the top resistance.
Gold keep breaking high..gold miner shares follows!Gold markets broke higher during the trading session on Tuesday, clearing the $1325 level,
sending the market towards the $1350 level. At this point, there is a lot of noise extending to the $1350 level,
so although this is a very bullish looking candle, I would not be surprised to see some type of pullback in this marketplace but now the $1325 level should be supportive.
After all, it was resistance previously, so it makes sense that it should have a bit of market memory attached to it.
GFI Gapping Up TrendsSlow moving low volume. But this specific stock has a steady trend of the upward climb. It also shows repeating gap pre-market. With it being 70% up gaps to 30% down gaps. The 7:1 chance of it being an up gap each day. Today was the day it dropped pre-market and after opening bell. that means a 70% chance for an up gap next week.
GOLD FIELDS EXPECTING A RISEWith a falling flag on GFI, we are expecting this stocks to rise even more after a breakout
GOLDFIELDS : JSE5 Waves impulse has completed and now we wait for the correction. The other confirmations are that wave 5 seems to be giving us a double tops however I am expecting it to go up a little bit first then drop. There is the RSI Divergence as well.
Gold Fields LtdShort Setup confirmed by:
- RSI incline breakdown
- Momentum indicator breakdown
- Price retreating at resistance
Trading Levels:
Short at 4941c
SL: 5140
TP: 4340
GFI Up TrendSolid Up Trend Over 30 Days. Reached next resistance level. If break Past possible gains of 5-6%.
All that glitters is gold.. or not? $JSEGFIGoldfields has been forming this inverted head & shoulders formation over the last 2 months. We finally saw a break of the neckline level of R42.50 today. Should this formation play out, i expect to see the target of R46.50 being reached in the next couple of sessions..
GOLDFIELDS LTD After the market tried twice to break out of the 4000 to 4400 area, it gives us a hint that we might be expecting a bearish movement next after the double tops has formed. My target for this will be first at 3678 and secondly at 3296.
JSE:GFI Goldfields a Wyckoff StudyGFI has been an interesting chart to look at from a Wyckoff perspective. GFI had been stronger than the sector group (Gold Miners J150). However, with the sharp decline was lagging the sector and now is again showing strength. After the initial decline we had a redistribution range with an upthrust after distribution (UTAD), some low volume tests of the UT and a Markdown. Then a smaller accumulation TR was formed on high volume and a nr 3 Spring (low volume spring) which often does not require test before markup. After the initial markup in Phase D we now we see a Backing UP (BU) action to the accumulation TR on declining volume. Once this is complete the mark up in Phase E of the smaller TR will start. This markup should reach the larger TR at around 4500 which will be also be the BU for the redistribution TR which could mark a further markdown of the larger TR. If it breaks 45000 back into the redistribution range this would be very bullish.
Monthly chart for long term investment !Pick up Monthly bottom and wait for several months... No trading but investment in this case.
MACD will be above zero line soon and uptrend will be start.
Clear evidence that Gold and Gold Stocks could explode soon Using Gold Fields as proxy for Gold Stocks in general we can see clearly on this chart that the current price of $3.86 Dollars is very close to a cyclical bottom that comes around every 400 weeks or so (bottom to bottom) over the last 25 years. The pressure may well have been building inside a clear Diamond pattern that could soon explode to the upside. Potential gains of 500% are possible
GFI: Monthly trend is ready...This is an update to my previous call for this stock. I've been trading it on the long and short side, until we had a good enough reason to jump into longer term gold positions recently.
I think we have good odds to see this monthly forecast pan out, so don't miss it. You could also be positioned in $GDXJ, $ARNGF, or $KGC, alternatively, but I favor this one personally.
Best of luck,
Ivan Labrie.
