HMY/N trade ideas
Gold catalyst is in play.Might be benefiting from the gold rally.
Buy with target set around US$3.40.
Support will be pegged around US$2.66.
02-17 HMY continuedI buy these things below the line. A big whale came splashing down and now I know these big fish rentry points. Its said that big Whale fish make belly flop splashes to tell others where they are at.
02-17 HMY my bull/bear finder (by Got Goldies)Below the line is a bear, back above is a bull.
Target buy anything below my black bear line.
02-16 HMY chart using my bottoming technique (by Got Goldies)Well, if you haven;t learned my technique yet.. just follow the rationale..
Harmony Gold Mining LONG! Or who wants to 580% profits?The commodity cycle turned. The company's shares turned to a long position. The company's performance improves, production increases, profit increases. However, the company still cheap!
Enterprise Value/EBITDA 3.25 !
Price/Earnings 5.7 !!
Debt/EBITDA 0.2 !!!
Show me a company with these figures!? How is that even possible? This is possible only in the lower part of the commodity cycle.
Buy $2.75, objective $16. That is 580% of the profits.
I've confirmed to my forecast, my purchase. I bought shares and I will keep them to $16 minimum. This is a long term position for several years. Maybe the price will drop to 2, 1 dollars, this is a good chance buy your way back and earn 1000%
The cancellation scenario is not! No stops! Minimum goal of $16!
p.s. Stock - is not a line in the terminal, but a share in a real company! There will always be people who will want this share to increase!
HMY chart showing buyMy original name is Got Goldies and I invent new ways to chart.. Here is what I discovered today with that my GG Quadruple line chart and how it fits into a channel breakout.. I just leaped ahead of the charting experts!
Yes, that quadruple line bottom finder... 1,2,3,4, is my way to find the bottom. It lead to this new discovery.. The channel breakout incorporated in to it.
My 1 Month HMY Flip (By Got Goldies)I have a unique way of charting bottoms and you'll probably never see it done like me. That's because set up my own charting tools to chart bottoms which allow me to make a forecast.
The next peak should be on the other side of the fake head and shoulder marked in red.
My alternate and most likely HMY chart (By Got Goldies)My new bottom finding technique says in 2018 HMY will go parabolic.
HMY - 2hrI've got 5-waves up. May already be in wave circle-iii. Wonderful potential here with a stop below the recent 1.87 low. A ~2.20 stop may get taken out IF wave circle-ii is operative, but would also be viable if 2.33 was the top of circle-I.
Green fib targets revised slightly lower from prior ideas due to lower C of (2).
HMY - 2hrRidiculous potential here, but needs to show some sign of turning. I was too early here, too. Might keep layering in though as my initial position was relatively small.
HMY - Correction Nearing an EndHarmony Gold is following the correction seen across the gold miners. I see two similar counts playing out over the next few weeks:
Blue count: the whole wave C is an ending diagonal and we are currently in wave iv of the final move down.
Red count: an alternative count would see us fall to lower lows beginning of next week to complete wave iii of C and then make one last bounce upwards before the final leg down.
Either count would have HMY bottom within a month or so and potentially take us down to the 2.60-2.40 range.
HMY TESTING THE NECKLINE FOR ONE MORE WAVE DOWN?HMY has broken some interesting levels and now it's going up with a strong green candle. I'm expecting a test on the neckline for a new wave down. Let's see how it develops.
HMNY Gold Stock, Bullish Monthly Chart ContinuationFirst time getting above monthly 20 ema in a while, looks like a continuation pattern right now, looking to hold..
HMY - 4hrI missed Harmony Gold Mining on wave 2 and (ii) and have regretted it, but not going to chase here. HMY was the undisputed leader off the lows, bottoming in late 2015 before many miners which saw their prices bottom in Jan '16.
HMY LONGThis stock has been pounded and has moved well recently but think could move much more with light of recent events, at the end of the day the markets and economy are a mess so gold I think with minors will start moving higher but stop is set for low risk
Double Top Pattern Expressed in $HMYPrevious expectation of trend reversal did not come as soon as initially expected. This time, a pattern of double top with a potential shoulder is prevalent in the charts. There is also a possibility of another reversal to trace another right shoulder before entering a downtrend. Same expectations as the previous idea, except this time the SHORT position is extended longer into the month of May around the 17th. $HMY must break below the support target of $3.40 in order to enter the position .
The slope of the short position projection can vary in a wide variety anywhere along the blue dashed arrowed blue line. As like before, the target BTC is still $2.00.
Long at $2, nice breakout of downward channel. 190% upsideThis stock demonstrated very good harmonics. No wonder with a stock name "Harmony".
The price trend is very similar to GOLD price.
It is clearly that the price has broken the downward channel. Looking forward to a pull back of 61.8% then long at $2.
