HMYD trade ideas
$HMY Harmony Gold Reversal
Potential reversal trade in HMY having found support
on the 2016 pivot point & the 100ma.
Stochastic and RIS bottoming
Targets $5.69 - $6.00
HAR LongHAR breaking out
back to full production with approvals for the purchase of Anglogold last Sa mine and tailings
share price recalculated
shares making HH and HL
Good potential growth coming soonharmony has seen quite a dip due to the gold price leading the downward projection but now that gold has found a bottom and will start to rise soon we can see the potential for harmony to grow back to its usual high. With the recent positive news that harmony has better financials than anticipated and coupled with their earnings report being released soon, we may break the current high levels and get some great growth. take note of the pattern after each earnings report is released , this should repeat itself.
Please note that this is not financial advice but just a public idea open to comments and suggestions.
Harmony Gold - 3 scenariosAfter the recent blow off tops, it looks like a double top has formed, the gaps have been filled, but there is a chance they are continuation gaps, or a triple top could be next 3 suggestions A-B-C on the chart.
Depending on the gold price:
A- Direct Continuation - more parabolic - up up up
B- Double Top - takes it down to ↭R90 (80/90) then up
C- Triple Top - scaled up version of April/May 2020 pattern then up
JSE:HAR
--------------------------
“60 percent of the time, it works every time”
Brian Fantana
Harmony may short soonfrom what i see now harmony has entered the downwards triangle and might short soon unless the gold price breaks the $2000 and creates some more momentum to continue upwards.
let me know if you agree or if you have any comments.
Please note that this is not financial advice but just a public idea open too suggestions.
Contiinuamos largos buscando objetivoContinuamos largo buscando el objetio de $8.11 que nos marca Fibonacci.
