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DRD GOLD LTD

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DRD trade ideas

DRD to benefit from gold uptrendDRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa. Fundamentals: Profitable company - positive Operating cashflow - positive Gold uptrend Technical: Trade volume high since March 2023 Resistance target 17.72 is June 2020 high Trending above 50,200 DMA Positive directional movement Risk reward 2.23 Stoploss 9.54
NYSE:DRDLong
by tradingswift
$JSEDRD - DRD Gold: I Count Five Waves Up, Top ImminentThe last coverage of DRD was on the 17th of January 2023 and I forecasted a pullback for wave (iv) before wave (v) takes off to complete the impulse move from 864. The share has not disappointed, driven by the recent surge in the gold price. Wave (v) in commodities can be extended but there is no way of telling in advance if it will be. The share has strong momentum with shallow intraday pullbacks. There are no signs of a reversal yet but I am not an advocate of trying to buy within wave (v) at a mature stage. Commodities are highly cyclical and can reverse violently so if you are not already in a profitable trade, rather sit on your hands and wait for short opportunities after the completion of wave (v).
JSE:DRD
by Loyiso_BlaqueSoros_Mpeta
5
DRD showing mixed signals with bullish bias - Target R15.00Uptrend channel is continuing for DRD Gold Price >200MA - Bullish 21 >7 - Bearish RSI = 50 bearish divergence. Target R15.00 Fundamentals: DRDGOLD, a company, is getting ready to release its results for the last six months of 2022. They are telling shareholders that they think their earnings per share and headline earnings per share will be between 59.5 cents and 68.1 cents per share, which is an increase of 2.6% to 17.4% compared to the same period in the previous year. The increase is mainly due to higher revenue, which went up by 6% to R2,654.3 million. OVERALL: There are mixed signals between technicals and fundamentals, but with the upward channel still intact, my bias remains more bullish.
JSE:DRDLong
by Timonrosso
DRD target reached at R14.12 next stop R17.63Target 1 Reached at R14.12 from the previous analysis. Now there is a Rectangle formation and on the bigger side of things a Larger Rounding Bottom. We just need to wait for the breakout. 7>21>200 - BULLISH (Green background) RSI >50 - Green New target R17.63 GENERAL INFO DRDGOLD (Founded in 1895 in JHB) is the largest producer of surface gold tailings in the world. The company operates two gold plants, the Ergo plant, and the Far West Gold Recoveries (FWGR) plant, which process gold from surface tailings. The company's main products are gold and uranium. Its main operations are located in the Witwatersrand Basin, which has been the site of some of the world's largest gold mines. What's great is DRDGOLD has implemented a number of initiatives to minimize its environmental impact, such as the use of cyanide-free technology.
JSE:DRDLong
by Timonrosso
2
DRD Gold perfect for the picking to R14.12Cup and Handle has formed on DRD and is looking pretty good. There has been a retracement where it will be testing the uptrend as well as the Brim level on the Cup... Also Moving Averages have crossed up with 7>21>200 Fundamentally, I am bullish on gold in the medium to long term. Despite the interest rate hikes, the chart is neglecting them and is showing the price wants to trend up. Mostly because investors are losing their faith and trust in crypto and they'll be investing in safe havens like gold. If you see here the chart is screaming a buy... Target R14.12
JSE:DRDLong
by Timonrosso
DRD GOLD If gold's price continues to stay elevated and push higher then I believe DRD Gold will push higher too. It has broken out of the trend line and looks set to move higher, which coincides with gold breaking out too. Strikes aside, I think pullbacks will be an opportunity to add to positions. Price targets are highlighted on the chart, with predetermined profit taking prices along the way. Profit taking started today, which also coincides with the strike actioned that was served to Sibanye Stillwater. My price target within 12 months, barring any economic meltdown, is R22 (+- 50% return) My stop loss will be set below R11.50. Disclaimer, I have been accumulating DRD gold since R11,50, and have taken profits recently, will look to add to existing positions again in large pullback like today (9th March 2022)
JSE:DRDLong
by TalkingCents