DRD 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.
$JSEDRD Roodepoort rocket out of fuel?Nice tripple divergence setup here on DRD Gold. (RSI lower highs not confirming 3 higher highs in price). After an insane rally doubling in price over the last month, we should start to see a pullback here to at least the 38.2% fib retracement @ R23.85
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 Gold, 1st and 2nd Targets Hit, Take Profit For A 34% GainBoth our 1st and 2nd targets of 1955c and 2073c have been tested. Long from 1653c, would look to take profit at current levels for a 34% gain.
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
DRD Long BreakoutDRD in a class of its own
with no dept I expect big moves when gold finally
decides its time with the move into platinum also
on the charts makes this my number 1 choice for 2020 and 2021
JSE:DRD Price rising while XAU USD gold price is dropping.Please advise why JSE:DRD Price is rising while XAU USD gold price is dropping. I am not seeing this pattern with other gold mine shares.
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.
$JSEDRD - Gap to fill at around 12.94I am looking to buy some back should it fill the gap - this would be my initial entry point.
DRD GoldTechnical observation on DRD - candle structure on Monday & today looking slightly shaky. MACD and RSI making lower highs. RSI also breaking incline support. Contemplating whether Monday may have been a fake-out. 1842 is the current print.
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
JSE:DRD DRD Gold testing new highsAll the gold stocks have shown a week pullback attempt and has reached oversold conditions. Time for the markup to continue.
JSE:DRD DRD Gold Markup ContinuesUsing the Wyckoff reverse use of trendlines it is possible that we have reached the oversold line. We are now looking for some (not necessary to be a lot) volume to trigger the next step up.
DRD LongDRD long investment
From my inicial Buy on 15th May at R2.62
DRD has done well the recent inverted H&S has also given
support to this bullish trade
covid 19 has also helped
recent events call for a correction in this market
i recommend a 50 % cut on the investment at this stage
