@VillageTraderZA Cheaper than the bag its packed in?Question Is the package cheaper than the bag its packed in? DRD took a massive hit. but looks like its found some support at the 200 week EMA.
0ICU trade ideas
DRD - 1D - DRD GOLD - NICE RETRACE - NOT FOR THE NERVOUSI Am tempted to buy in to the trade, Stochastics weekly and daily are oversold. i was in it shortly then got out as it was moving sideways, and also noted the possible head and shoulder which could take it down to the open gapI will wait and see how this place out as i think these are good levels to buy back in.It is currently resting on a strong support.I will buy at R1398 or R1833
Good low cost minig operation
DRD signals When comparing with the Gold price , both US$ and SA Rand the contraction on DRD Looks overcooked and therefore a small run on Gold price do bring some gearing . The company is low risk production , Surface sources making the corvid risk less prevailing on the operations , Dividends is solid and therefore a long on gold is good . Should the gold price dip below 1850. I will take profit....despite being long on Gold .Volatility is good
DRD GOLDDRD Gold broke through a strong support line at 14.50 - Since February DRD Gold has been consolidating between R13.52-R15.71.
If it falls below R13.47 it could easily test the next support line at R11.89.
What I am looking for is a bounce off of R13.50 and a strong upwards trend that breaks through R15.60.
* I have a position in DRD GOLD with an average purchase price of R13.40.
I'll be looking to add if there is a bounce off of R13.50, and will continue to accumulate if this downtrend weakness persists.
The spot price of Gold is pushing higher and is testing $1800, a clear break above $1800 will open the door for Gold to run higher and test $1840 .
If Gold moves in that direction then DRD Gold should pusher higher. and benefit from a higher Gold price.
DRD Gold analysis DRD struggling to recover beyond R15 price range and a far cry from its peak price. The focus is certainly not on Gold stocks or commodities right now especially from Retail investors. A price increase from R14 to R15 will yield a 6.6% increase and chances are like the pas months price my fall again to sup R14 levels. On the positive side the price is reluctant to touch R13 price mark. Fair to say it’s stable between R14 and R15.
