Counter-trend tradeSentiment is extremely negative on the gold counters now. Time for a little counter-trend play?
HMY/N trade ideas
$Har Longmy last update on harmony for the year.
price is finally trading in my ideal buy area. waiting for confirmation. correction is almost over. Trade with care :)
HAR - potential longHarmony price has been moving in a descending channel and is currently at the bottom end of it.
Technically a bounce in price is possible if the pattern persists.
The Gold price has been trading sideways for the last week or so and price should remain > 1845 to support a potential bounce for gold producers,
Monday's price for Harmony will determine if a trade is lucrative and should be managed according to individual risk appetite.
If the technical pattern materializes, a 10% bounce in price or more could be in the offing - all dependent on what happens in the Gold price.
Bullish flag on Harmony goldWe have a nice bull flag. pretty much all gold stocks including gold looks rather bullish at the moment.
$HAR shortHarmony approaching my Ideal buy area. going according to plan as previously shared. will share when it's time to buy
HAR- SHORTHAR honoring this bearish Channel. Momentum and RSI weakening, signaling that bounces are being sold. We could see the stock move lower from here to test the 200 Day Moving Average
Descending Triangle breakout on HarmonyJSE:HAR seems to be currently breaking out of a descending triangle pattern. If it breaks through the current support level, I will consider entering short.
Harmony long on momentumJSE:HAR is looking good for a long position. Stochastic, MACD and the two EMA's are all confirming.
JSE:HAR - Possible bear flag (D)JSE:HAR - A close below 8950 confirms the idea
These are the levels I am looking at: 1) 8498 then 2) 6817
I will abandon the idea if HAR rallies above 9106
HMYanálisis con ondas de Elliot en temporalidad diaria (1D)
Al parecer, por el momento, estamos en el inicio de una onda 5 con visión alcista para HMY
clúster de Fibonacci, el primer fibo arrancando desde la onda 1 hasta el máximo anterior y el otro desde el arranque de onda 3 hasta el mismo máximo
no llego a tocar los niveles de fibo pero lo tomo como zona importante
lo que se espera en el ewo es una divergencia que confirme que era onda 5
DMI, adx por el piso todavía, para confirmar y estar mas seguro de que va por buen camino debería subir, +DI positivo dentro del -DI
positivo por el momento.
también se espera un aumento de la media del volumen para estar seguro de que continuara sin problema la suba.
Objetivos:
objetivo de onda 5 para que supere el precio de onda 3 lo tenemos en el 161.8 de extensión (zona blanca objetivo)
objetivo ABC lo tenemos en el 61.8 que nos coincide con el anterior máximo (zona roja objetivo)
por ultimo, tiempo estimado de llegada a objetivo si el análisis se cumple, desde el 22/10 al 9/11, objetivo medio 30/10.
análisis realizado por LB
$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
