DRD HH and HL wait for break of Consolidation channel for confirmation of trend changes>?
DRD Gold still under pressure. This chart has 8.00 written all over it!
A change in trend direction occurred when the MACD crossed bullish. A bullish stance is applicable above 1360. Crossing below this level will negate the bullish stance. Upside price momentum supports the bullish trend. Remains a risky trade.
If gold's price continues to stay elevated and push higher then I believe DRD Gold will push higher too. It has broken out of the trend line and looks set to move higher, which coincides with gold breaking out too. Strikes aside, I think pullbacks will be an opportunity to add to positions. Price targets are highlighted on the chart, with predetermined profit...
Question Is the package cheaper than the bag its packed in? DRD took a massive hit. but looks like its found some support at the 200 week EMA.
the breakout on the channel we will see a new rally on the share price the test can continue further as indicated on the support that can be a good buy before the breakout
Long Term Investment Ideas Long Term Investment Ideas
DRD pullback of share price close to bottom Final chances to Add to portfolio on dip in Gold due to easy Fiat Currency Stimulus? Bull markets for gold in the next decade AAA+
DRD about to complete its consolidation phase wait for break in the resistance trendline also reverse H&S about to complete
DRD Gold under valued and with no debt? what better way forward is their
- Broke out of a downward channel - RSI has bullish divergence - Stoch RSI is bouncing off of 85 and looks similar as a run in 2019 - Golden cross on the 1W MacD Im long!
When comparing with the Gold price , both US$ and SA Rand the contraction on DRD Looks overcooked and therefore a small run on Gold price do bring some gearing . The company is low risk production , Surface sources making the corvid risk less prevailing on the operations , Dividends is solid and therefore a long on gold is good . Should the gold price dip below...