GOLD FIELDS LTD

Long

All that glitters is gold.. or not? $JSEGFI

By MarcoOlevano

Updated

Goldfields 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..

Note

retest of the breakout level today.. Needs to hold tomorrow in order to keep this trade alive and well

Note

Target reached and gap @ 48.50 closed

"If you do what you love, you'll never work a day in your life" - Marc Anthony

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