0J39 trade ideas
$JSEHAR Harmony. Looking for some upsideHarmony broke a multi month downward channel in March and has since then been forming what looks like an inverted head and shoulders.
Watch for a break of the 7185 neckline for targets of 8000 and 8900 to open up.
The break will happen on the back of a rather bullish looking Gold Futures chart.
Wait for the break
HMY LongDowntrend Channel Breakout
SMA50 as support
OBV > OBV Avg34
Williams %R crossed -50
Entry 4.7
Stop 3.9
Target 7.5
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Harmony Gold stocks have been playing around their resistance, Harmony broke out trendline with target set to R114 per share
HAR IHSFor those who can stomach the volatility of the gold stocks. HAR formed an IHS to target R85.
$HMY First breakout in the mining industry. Lately markets look kind of shaky and stocks that most people trade are very dangerous. We will have a shift and some of the funds will move into mining as overpriced flying pigs will start falling from the sky. I monitor this segment of the market very closely to be ahead of the crowd as thing will change. Lot's of miners been trading sideways or sliding lower, forming long flags. I knew that one day it will breakout and it is important to see who breakout first. And here we have the winner, usually first several stocks in the industry to breakout would do better than the rest. I don't see enough volume on this breakout and that creates the higher odds for pullback, will see.
I found this stock today, market is closed, so I did not opened the position yet but going to do it as I see things developing the right way. I would say this set up provides very safe entry point for a long term position. Good luck!
Harmony Gold on watch for bullish breakout of down channelHMY Harmony Gold as been in downward channel and is near supporting moving average 200 ish MA. Watching for bullish behavior. Stock is relative inexpensive in price to sales and future price to earnings. If inflation theme continues, gold stocks will have favorable demand and sales growth potential.
Harmony Gold AnalysisChart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment.
HAR losing supportWith gold under pressure HAR closed below support. Gap at R48.77 can act as target.
HAR downside targetsThe key support was broken. Now aiming for de Mark or Williams levels lower down.
HMYIf it holds at old resistance we could see a uptrend but if it breaks it will look extremlu bearish and could take support at 2.
DRD holding the 6100c supportHarmony gold seems to have found some support around 6100c. There’s a possible head and shoulders pattern as well. And the share currently trading below the 200d EMA. However, because the 30w EMA is above 60w EMA I will ignore the head and shoulders signal. Once we take out the 7412cc resistance.Even better above the recent 8060c high With the possibility of gold running, Harmony looks good. My target for Harmony is 12000c
Harmony Looks good despite some gold pressureHarmony looks good despite some pressure coming from the gold price.
HARMONY Downward ChannelJSE:HAR is in a downward channel and in the last few days has bounced off of the top of the channel again forming a lower high. If it fails to break through the top of the channel, we could see a continuation downwards towards the bottom of the channel to around the 5000 support level.
$JSEHAR Harmony. Range break and retestGold recently broke from a multiweek range and gold shares followed. Watch Harmony after it broke from the range and is today testing that breakout. A lot depends on USDZAR weakness and the $ price of gold. Possible targets on the chart if this range break momentum is maintained. Looking bullish at this stage.
Weekly game plan 6 Dec 2020 - HMYHistory repeating itself? Would not be surprised to see HMY testing the lows just sub-$4 before putting in a proper rally.
