DRD showing mixed signals with bullish bias - Target R15.00
Uptrend channel is continuing for DRD Gold
Price >200MA - Bullish
21 >7 - Bearish
RSI = 50 bearish divergence.
Target R15.00
Fundamentals:
DRDGOLD, a company, is getting ready to release its results for the last six months of 2022. They are telling shareholders that they think their earnings per share and headline earnings per share will be between 59.5 cents and 68.1 cents per share, which is an increase of 2.6% to 17.4% compared to the same period in the previous year. The increase is mainly due to higher revenue, which went up by 6% to R2,654.3 million.
OVERALL:
There are mixed signals between technicals and fundamentals, but with the upward channel still intact, my bias remains more bullish.
Price >200MA - Bullish
21 >7 - Bearish
RSI = 50 bearish divergence.
Target R15.00
Fundamentals:
DRDGOLD, a company, is getting ready to release its results for the last six months of 2022. They are telling shareholders that they think their earnings per share and headline earnings per share will be between 59.5 cents and 68.1 cents per share, which is an increase of 2.6% to 17.4% compared to the same period in the previous year. The increase is mainly due to higher revenue, which went up by 6% to R2,654.3 million.
OVERALL:
There are mixed signals between technicals and fundamentals, but with the upward channel still intact, my bias remains more bullish.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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