Potential SHORT on GoldfieldsA doji candle and the crossing downwards of the stochastic is signaling a potential downward move on GFI. If triggered, we will look at reaching a target down at the 233 level.
XJSE_GFI_CFD trade ideas
Goldfields ShortJSE:GFI is plummeting at the moment. Based off of the break through the 5 candle support and the momentum indicators, it should continue downwards.
If you placed a stop order you would have been entered into the trade with the opening of this morning. If you had placed a limit order, it would have missed your entry.
Just with today's movement so far, it has gone more than halfway towards our target at 246
Long triggered on GoldfieldsA long position has been triggered on JSE:GFI with today's upward move so far. The order was placed because of the upward turn of the stochastic and MACD as well as the crossing of the 3 and 15 EMAs. We are looking at a target at around the R299 level.
Short on GFIAll 3 of our momentum indicators have triggered a short on $VELOCITY:XJSE_GFI_CFD. Along with this, the fractal on the bottom of the 25th July candle has been broken, also signifying a short position. With today's price action the order was triggered and we are looking to take the trade down all the way to the 237 level.
