DRD to benefit from gold uptrend
DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa.
Fundamentals:
Profitable company - positive
Operating cashflow - positive
Gold uptrend
Technical:
Trade volume high since March 2023
Resistance target 17.72 is June 2020 high
Trending above 50,200 DMA
Positive directional movement
Risk reward 2.23
Stoploss 9.54
Fundamentals:
Profitable company - positive
Operating cashflow - positive
Gold uptrend
Technical:
Trade volume high since March 2023
Resistance target 17.72 is June 2020 high
Trending above 50,200 DMA
Positive directional movement
Risk reward 2.23
Stoploss 9.54
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