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GOLD FIELDS LTDGG

GOLD FIELDS LTD

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$JSEGFI - Gold Fields: Bullish After A Giant Running FlatThis is a share worthy of an update. We first looked at GFI on the 4th of September and our opinion was simple: 1) we anticipated one final push to the downside potentially to R118,00 2) we identified R162,23 as a key level the bulls need to break to give a strong signal that they are now in charge Now that the Yamana Gold deal is off let's take a look at the bigger picture and bring it all home. From the August 2020 peak at R255,69 the share dropped to just below R118,00 in a complex WXY pattern for wave (A). The recovery to the new all time high at R262,93 was in a simple ABC zigzag for wave (B). The sell-off from R262,93 for wave (C) was impulsive but terminate at R126,62 just above the wave (A) low. The entire (A)(B)(C) pattern is a running flat and with the recent break above R162,23 we can be more confident that the bulls are back in charge. The price action from R126,62 already looks impulsive and hopefully with a recovery in the gold price as well we will see more upside in GFI.
JLong
by Loyiso_BlaqueSoros_Mpeta
1
Gold Fields showing strong upside to come to R289.22Cup and Handle has formed on the daily and it follows with the upside in the gold price We have the 7 > 21> 200 MA and Price> 200 which is bullish Target R289.22. We also have the Chinese New year with consumers buying gold as gifts, which can push up demand for the metal. We've seen a bit of a weakness in the U.S. dollar, which you can see with the DIXIE, which can make gold more attractive to foreign investors. Central banks and other large institutions normally add gold to their reserves at the start of the year.
JLong
by Timonrosso
$JSEGFI - A Final Push To The DownsideSince reaching an all time high of R262.93 in March 2022, the share price of Gold Fields has retraced more than 40%. The retracement appear to be unfolding in five waves with the sideways movement from June 2022 fitting the triangle pattern profile. Triangles are found in wave 4 of impulses and this implies that GFI is in its final wave down to complete the five wave sequence of an impulse. Strong support is found at R118.00 which could be a price target for wave 5. A break above R162.23 will be the strong indication that wave 5, and subsequently the entire five wave sequence down is complete.
J
by Loyiso_BlaqueSoros_Mpeta
Basic is Powerfulwe have seen a sign of price increase i.e. the price is making QM PATTERN. If the price wants to continue rising, the price will not fall lower than the LATEST lower low (LL). If the price drops lower than the LATEST lower low, we will stop loss. The TP target is based on a larger TF. I use EMA50 TF Daily as a target. However, I did not place the TP target exactly at the EMA50 TF daily, I placed a lower target so that the TP target is reached faster.
NLong
by ExperTrader21
GFI: another leg down?Remains in a declining channel pattern - which is bearish in nature. A price action below 15800 supports a bearish trend direction. Crossing above this level will negate the negative stance. Further bearish trend support for a price action below 15400. Consolidation range from 14600 to 15400. Crossing below 14600 might target 13900. Crossing above 15400 will be the first sign of strength returning in the share. Remains below its 200-day simple moving average. Remains a riskty trade.
JShort
by Peet_Serfontein
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 24 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NLong
by Jtacher51
1