A falling wedge continuationWe have a nice falling wedge continuation pattern on DRD. This fuel to the fire could be added by a gold rally. Since gold looks to be breaking the $2060 resistance level
DRD trade ideas
DRD Gold Analysis A rise and fall from grace? It depends on your patience. DRD Gold struggles to maintain a share price above R 20 as it has slowly entered a down trend. Seems the gold rush has slowed which is ironic. Some say Gold and bitcoin have a like for like movement pattern but as Bitcoin has gone up, Gold has gone down. Direct effect on this stock of course. Overall gold as a commodity is still looking healthy despite the August - November slump. Possibly when the gold price goes up we can expect the same with gold mining company share price and if the opposite happens, the same rule applies. Long term share holders shouldn’t be worried but i wouldnt be too comfortable either as we know this industry if one of the most volatile. Trade safe.
$JSEDRD. DRDGOLD. Consolidating within a channelPossible bull flag forming within a consolidation channel 1800-2100. A break of this flag pattern to the upside would target 2000 and 2100 levels again for a challenge of the top of the channel resistance level again.
DRD is a Bet on the Gold price Clearly linked on Gold Price ...The company performance now not the driver . I use this for my Gold exposure time will tell
DRD Gold theory of bullish actionYellow vertical lines indicates the changes in market movement when GOLD chart is at trough.
The parallel lines indicate a mock charge, after the market traders realize that GOLD is at a low, bullish action follows backed by the DT+ and DT- intercept of the DMI.
The above movement occurred twice, indicated with the 2 yellow vertical lines.
It is my view that such a third occurrence is possible, (green vertical line at current position) with low GOLD price, action to be confirmed with intercept of DMI.
DRD's balance sheet is in good shape and dividend payout shows promise.
Please leave comments below.
Expect something with DRDAlthough Gold price dependent ...the future earnings should push to the next resistance level 2450 i think these is 10 t0 12 % play
Again the gold price needs to be watched
JSE:DRD - Bear flag b/o (4hrs)JSE:DRD - the breakout confirmed the setup
Looking at 1841 1st target then full TP 1438
Bullish flag on DRDWe have a bullish flag on DRD, with the Gold broken through $1900 on the falling wedge. gold miners are bound to follow suite
JSE:DRD - what is going on with JSE:DRD this week?DRD took a tumble this week, at > 50% below fair value is this a buy opportunity after a week of Index Exit adjustment or more of the same ahead? DRD this week does not seem to have been tracking gold price recently. Is DRD finally in sync with the current gold price range or more downside coming? Any ideas?
DRD Long ContinuationDRD consolidation faze has hit bottom resistance levels
buying on dips is a good strategy for investors
weakening US and Global markets continue at record paces
increasing demand for Gold by hedge Funds creating supply shortages
Gold prices at all time highs
Rectangle Bullish flagJSE:DRD
DRD Gold
Gold stocks have been rallying alongside the gold. Most have subsequently consolidated. DRD Gold is no exception.
We have a rectangle bullish flag on DRD. Its been consolidating for a couple of months now.
I have my resistance level of the flag at R28.68. I’m looking for a 3% break and close (above 29.55) levels. Looking for a long trade targeting R36 (Height of the triangle)
If Gold rallies again Gold stocks should rally as well
drdseeing DrD breaking out of the triangle on a down trend we might see carrying on with the down trend for some time
DRD LongDRD Gold
as from June 2020 DRD Gold paid its yearly Div
and is Debt free with 1,5 B in free cash flow
this can only be good for investors.
Volumes are up
so is the share price and it also helps that GOLD
has broken the psychological 2000 dollar level
JSE:DRD - D/top (Daily)JSE:DRD - 2900 proved hard to break (And close above) on two occasions (Beg Jul & end Jul 20)
Looking for a retest of the bottom of the rectangle (2211). If this plays through, DRD could break 2000
DRD Gold (Refined explanation on DAILY)This is continuation of WEEKLY analysis I posted a few minutes ago (22:00 SA time)
Detail of trade summary on the chart
NOTE - if you own this share currently, you should consider disposing them (SELL) as long as price remain below 2200
DRD GoldThis analysis shows the big picture on WEEKLY chart
Separate post will follow on DAILY to clarify price action
