DRD trade ideas
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
DRD:NYSE - DRDGOLD LTDGood pullback on DRD. If it gets back over $15 could be worth a look.
DRDGOLD is a South African gold producer and a world leader in the recovery of gold from the retreatment of surface tailings. Our network of assets is unrivalled in South Africa and, with our consolidated businesses operating as a single entity, is focused on optimising these assets in order to increase gold production. At the end of FY2018, DRDGOLD provided jobs for 2 304 people, including 878 permanent employees. The remaining 1 426 people worked for the specialist service providers engaged by the company to provide the expertise required for tailings reclamation and tailings dam management. In FY2018, the company produced 150 423oz of gold, generated R2 490.4 million in revenue, spent R1 452.7 million on capital projects (property, plant, equipment, surface) and 191ha of rehabilated land were lodged for clearance for redevelopment. Mineral Resources of 7.3Moz and Mineral Reserves of 3.3Moz were declared. (Source: www.drdgold.com)
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.
