$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.
0J39 trade ideas
HAR - potential longHarmony price has been moving in a descending channel and is currently at the bottom end of it.
Technically a bounce in price is possible if the pattern persists.
The Gold price has been trading sideways for the last week or so and price should remain > 1845 to support a potential bounce for gold producers,
Monday's price for Harmony will determine if a trade is lucrative and should be managed according to individual risk appetite.
If the technical pattern materializes, a 10% bounce in price or more could be in the offing - all dependent on what happens in the Gold price.