0ICU trade ideas
DRD Gold set for another push?DRD is in a clear up-trend with no end in sight: gold is bullish around the world with demand ever increasing and bullion shortages all over. Most gold stocks have pumped dramatically in the last few months as the central banks print money into oblivion.
Based on the previous move and the confirmed 0.5 Fibonacci Retracement I am expecting another pump to around R 37.00 in the next month. The RSI has popped off a previous support line and the MACD is just about to cross to the upside. All these indicators point to a clear continuation of the bull-trend.
JSE:DRD DRD Gold Large Concerns Taking the OppertunityWith the increase in the gold price and especially the Rand price of gold there is interest in the sector. DRD Gold was not one of the favourite gold stocks for investors but there is a shortage on the market so investors are turning to what's left. With the markup starting, most of the gold stocks are showing ease of movement on low volumes but we are still seeing volume spikes on buying in DRD Gold. As investors see the value in Gold they are buying what they can. As a result, DRD Gold is showing a lot of strength. The latest attempt to pullback was shallow and the stride that has been formed in the markup is steep. With a good volume spike yesterday we can expect the price to markup the next step. See how this interest in DRD Gold has unfolded in the posts below.
DRD Gold $JSEWeekly Chart, Market has been impulsively bullish since August 2015. Of that rally I am expecting the current steep increase in price to have been wave 3. Now wave 3 may end at current price level or move up to touch 3040 price zone. But once it starts moving down i expect it to only go down 23% in price and then another buying opportunity will be presented there. So lets wait till it confirms that wave 3 is complete.
DRD LongDRD Here is some more food for thought
why is DRD so cheap on the JSE ??????
If on Bezinga on Thurday last week the following was trending?
Harmony Gold Mining Co, Inc. (NYSE:HMY) shares increased by 3.86% to $3.23.
• DRDGold, Inc. (NYSE:DRD) stock rose 3.51% to $9.72.
• Sibanye Stillwater, Inc. (NYSE:SBSW) shares rose 5.85% to $8.32.
• Gold Fields, Inc. (NYSE:GFI) stock moved upwards by 3.52% to $7.79.
DRD is obviously the better stock choice shown here
DRD Long contineuationDRD this is just something i noticed about this stock prices
since i recommended the buy in i see the stock has progressed
through three sets of consolidation fazes in the last year
faze 1 lasted 5 Months ; Faze 2 lasted 3 Months and Faze 3 lasted 2 Months
give or take a day or two?
the upward trajectory consolidation cycles are shortening.
allowing for shorter periods before further upside
some news i thought Investors would like.
DRD LongDRD has been significant since i first recommended it
back in Feb 2019 and those that have followed congratulations
The first wave up for gold was to break the 1350 dollar gold price well done?
that took longer than expected the second wave up was to break
the 1600 level finally achieved the more serious and final resistance level of 1800 dollars
is about to happen before we reach the all time high price in gold?
and DRD has been riding the waves and climbing with it
good luck to all investors
DRDGOLD - Long Idea- The stock ended the week on a bullish note and looks set to continue its trend higher
- Any weakness towards R19.00 level will present a better buying entry and risk /reward
- No target as exit will be determined by a break of the uptrend or price structure.
- Note gold stocks are volatile and necessitate a wide stop loss
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:DRD
DRDDRD Gold (1640c) | We could be looking at another 'breakdown and back-test' chart structure. Incline support break however support found at S1 and S2. Now short term downward trend line being breached with some follow-through from yesterday's bullish engulfing candle (price holding close to yesterday's highs). My visual pivot is 1715c with the offcial pivot being 1765c. Money flow turning back up, with a neutral RSI. Looking for a move back up to 1955c and 2073c. Should the price move against us, 1540c is the recommended stop-loss.
DRD Long contineuationDRD GOLD
From an investor point of view i believe that DRD has the potential
to become a Tripple Bagger stock it is up from my Buy IN At R2.62
double digets and no end in store as gold is bullish and the real moves
have not happened yet.my strategy of adding shares on dips is still
my recommendation here
