The Harmony Gold Mining Co Ltd (HMY) weekly chart shows the following signs: The Price of HMY tries to make a bottom pattern for reversal but last week cut the Kinjun Sen down giving a bear signal. The MACD gives a bearish sign and the RSI too. The stock is under the KUMO Cloud. The only think that makes some doubts is the divergence on MACD. I expect that the...
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