DRD target reached at R14.12 next stop R17.63Target 1 Reached at R14.12 from the previous analysis.
Now there is a Rectangle formation and on the bigger side of things a Larger Rounding Bottom.
We just need to wait for the breakout.
7>21>200 - BULLISH (Green background)
RSI >50 - Green
New target R17.63
GENERAL INFO
DRDGOLD (Founded in 1895 in JHB) is the largest producer of surface gold tailings in the world.
The company operates two gold plants, the Ergo plant, and the Far West Gold Recoveries (FWGR) plant, which process gold from surface tailings. The company's main products are gold and uranium.
Its main operations are located in the Witwatersrand Basin, which has been the site of some of the world's largest gold mines.
What's great is DRDGOLD has implemented a number of initiatives to minimize its environmental impact, such as the use of cyanide-free technology.
