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HARMONY GOLD MINING COHARMONY GOLD MINING COHARMONY GOLD MINING CO

HARMONY GOLD MINING CO

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HMY/N trade ideas

HARMONY GM (HAR)Currently, we're observing the price action of HAR. On the daily chart, a potential Cup & Handle (C&H) formation is taking shape. Recent action has caused the price to dip slightly below the brim, but a stronger break downwards move is needed for confirmation. Concurrently, there's the presence of a falling wedge pattern, suggesting the possibility of an upward breakout that could trigger demand and stronger buying activity. The price has dropped by 29% from its prior high in May. The current testing of the bottom trend line, which has previously acted as support. In this juncture, both patterns remain possible. We're awaiting a clearer upward or downward move for a potential entry point. We're eager for your insights too. Please feel free to share your thoughts on which pattern you believe is more likely to play out and any strategies you're considering in this situation.
JSE:HAR
by MarketMeistersTrading
How The Markets Traps Bulls & BearThe chart of Harmony shows down slopping resistance with support of the broadening wedge & 200DMA aligned. Bulls will buy the support while bears wait to sell the resistance. One of the groups will be right & spur a rush of profit for the other. Since we expect price to be at a half cycle correction, we look for whether price will go lower than 10 July 2023 price, that would be an early sign that bulls might be trapped as price will go lower after a short bounce. Conversely, if we do not go lower, we setup a double bottom. Bears will wait for resistance to be enticed, fortunately for them, closing above resistance on a weekly basis is a sure sign to close short. Such moves though if purely short covering will lose buyers in a time band for a daily cycle high resulting in price reversing much faster. Confident longs would have been trapped. As a trader, your goal is to assess the likelihood of things going against you this is why timing bands matter. You are to pick entries that meet the following criteria: 1. Near a daily cycle low with oversold RSI when seeking to go long with gains of +/-10-15% 2. Near a weekly cycle low with oversold RSI or below 50 level, you go long for +/-20-30% 3. Near a yearly low with oversold RSI or below 50 level, you go long for a +/-50-100%. With yearly lows one must be cognisant of Wykoff accumulation, it usually happens and can be quite frustrating to wait so one must buy with that in mind so that capital is not tied up for longer without appreciation. Be on the lookout, take partial profits at turning points (daily cycle high) and buy back (daily cycle low). For examples of the last scenario, one can look at the following charts: a) $JSEAPN - For 239 days (July 2022 to March 2023) the share was stuck in a range of +/-18% accumulating. One then must target buying the cycle low, sell the cycle high +/-15%. There were three such opportunities, one gets to grow capital by 15% while waiting for a breakout. The breakout comes and share quickly moves 25%. Often it happens a trader gets tired of sitting and sell, then the rally goes without them and causing psychological turmoil. b) $JSEANH for 218 days (March 2022 to October 2022) c) $JSESOL appears to be in this accumulation zone d) $JSEFSR for 234 days (October 2022 to June 2023) Conclusion : I believe as traders we would have rather been buying things and wait for dividends but our capital and time does not allow slow accumulation or endure long periods of inaction. We are working from a position where we must pursue returns above inflation in pursuit of financial freedom. If we can double or triple capital in a short time, we are making strides that give us an advantage. People like Elon Musk, Sergey Brin, Mark Zuckerberg achieved above life returns because they were able to move into spaces where they multiplied their wealth greatly. Consider yourself on this journey too for when you multiply your capital ten times, you can buy property or replace your nine to five incomes with dividends. So do not feel greedy when pursuing big returns in a short space of time. I live for these moves, the 10% in a week, 30% in 40 days or 100% in 90 days. We will not always get it right but if we build capital more times than we lose it, we are on our way.
JSE:HAREducation
by runyamhere
$JSEHAR - Harmony GM: Bullish on Near-Term FundamentalsHarmony released a SENS update this morning. Salient notes: Total gold production for the six-month period ended 31 December 2022 (“H1FY23”) was between 720 000 oz (22 394kg) and 745 000 oz (23 171kg). In line with guidance, all-in-sustaining costs (“AISC”) for H1FY23 was below R900 000/kg. Despite the ongoing electricity shortages and supply chain disruptions, total gold production increased quarter-on-quarter. This production increase was mainly as a result of improved underground recovered grades in Q2FY23, which were higher than the 5.45 to 5.60g/t guided earlier this year. The Company will publish its interim operating and financial results for the 2023 financial year on Wednesday, 1 March 2023 at 10am. The Elliott Wave structure supports this positive update. From the 3333 zac low in September 2022, Harmony has been rallying in impulsing fashion. The wave count suggests that the pullback from 7050 zac is for wave ((iv)) and the stock is now due one more rally to complete wave ((v)) of wave 1. The short-term key level to watch is 6010 zac but wave ((iv)) can still retrace deeper and remain valid as long as it does not terminate below 5394 zac.
JSE:HARLong
by Loyiso_BlaqueSoros_Mpeta
Long $HMY - Confluence of FactorsConfluence of Bullish Factors -Gold is due for a weekly cycle low (See Bob Loukas on Twitter for info) -Key support Weekly cycle lows typically occur every 22-26 weeks. Currently at Week 23. Weekly cycle lows typically start off with powerful positive price action. Where it ends up is anyone's guess. The key support level should also provide some positive momentum. These two factors combined is what makes me interested in this stock. Many other gold/silver miners are just in free fall, having already broken their key support levels. Harmony is unique in its relative strength. With a break above $3.45, I will enter a long and trail stops on key support levels as the trend develops. I will be aggressive in raising stops to breakeven. Bottom line - A good opportunity to get long precious metals may present itself in the near future. I think HMY is a good option to play. My other mining stocks of interest are $FNV and $WPM.
NYSE:HMYLong
by conmymon
3
Pair Trade Idea: Buy HAR/Sell GFITime Frame: Actually, quite short term - looking for a quick reversion to the mean and narrowing of the performance gap. - Trading at lower boundary of 40-day 2 standard deviation Bollinger Band (BB) - 5-day performance gap is wide as it sees GFI lower by 4.23% while HAR is lower by a larger 12.61% - 250-day correlation above 80% Suggested Trading Levels: - Ratio: 0.3485 (current reading) - Stop-loss: 0.3375 - Target: 0.3685 (near mid-point of BB) A successful pair trade can be realized 1 of 3 ways: The long position rises while the short position falls The long position rises faster than the short position rises The short position falls faster than the long position falls. For more real-time insights and trade ideas, or if you're considering at alternative trading services provider, get in touch today.
JSE:HAR
by LD_Perspectives
$HMY Inflation Rebound*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.* *Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.* * Inflation is a crook, we've all seen it on the shelves. The notorious inflation hedge Gold is looking to run, and Harmony Gold Mining Company ($HMY) looks primed and ready to make a move on the charts. It currently sits at a support in the $3 range, and could easily make a move depending on inflation news. Two reports are being given this week: US Consumer Price Report (Tue. September 14) & the U.S. Retail Sales Report (Thu. September 16). These two key data collections could show increased consumer prices and lower spending; the former directly affecting the latter. Higher prices for retail goods, among other supply chain issues are a silent killer in the US economy. Regardless of these two pieces of information being released this week, with the Delta variant of COVID-19 looming over the coming Fall and Winter, Gold is a solid investment hedge against the US market. ENTRY: $3.30 STOP LOSS: $2.50 TP1: $5.75 TP2: $6.50 TP3: $7.50
NYSE:HMYLong
by tradebuckets
Harmony Gold - How I'm Seeing It To gain access to the full note, including my updated analysis of the chart, get in touch today. Why has the content of this note been concealed? 1. Only my employer's clients will gain access. 2. Up until this evening (including this post) and over a period of 5 years, 946 ideas/insights/perspectives as well as updates have been produced - free of charge. 3. Analyzing trading and investing opportunities costs time. I scrutinize hundreds of charts and other data points per week. 4. My technical perspective has been refined over many years, is well respected, however it cannot always be 'free of charge'. 5. If you are trading with another broker (including the professional asset managers who follow my work on this platform and other via mediums), you gain free access to my research however our competitors get the full benefit via brokerage fees. That's not a good deal for our trading desk. To obtain ongoing, full access to our high quality, real-time insights and ideas, or to become a trading client, get in touch today.
JSE:HAR
by LD_Perspectives
2