DRD Long term H&S on weekly chartDRD H&S Chart formulation
possible Trend accumulation on weekly chart
keep a tight stop loss or take profits
Markets seen Volatility and Oil price effects on Gold
Fed rate cuts ? good for Gold
DRD trade ideas
JSE:DRD DRD MarkupFollowing a Wyckoff analysis of DRD phase E markup is now in full swing. In 2018 institutions started slowly to accumulate the stock at low prices. Early this year there was some heightened interest seen with increases in volume with institutions stepping up the pace of accumulation. With a spring the markup started in phase D and after a backup, to the TR we are now seeing the markup taking place in phase E. We are looking for resistance areas around R7 for the first target and then possibly R9 and then we will see if there is enough gas to reach previous highs.
$JSEDRD - Potential bull flag forming#DRD forming what looks like a nice little bull flag after its recent breakout.
$JSEDRD - Attempting another breakout. DRD failed the first time and fell to below 3.00. Has since rallied all the way through to a new breakout attempt and is now targeting 3.60. Clearing 3.60 should open up more upside thereafter.
$JSEDRD - Up against TL resistance. Will it breakout?#ZAR significantly weaker - could very well be the catalyst to push DRD higher from here.
DRD - Trend changeWith Gold prices turning up, this little gem looks like its ready to pop. The companies EPS is $1.70 (What?!? A mining stock that turns a profit - LOL) That makes the PE ratio at a mere 1.3. IMO this thing has some room to run.
Good Luck!
12-13 DRD Chart (by Got Goldies)Well, its probably time again to get back .... lovely outside the channel retrace. Wow this sucker was going down forever!
07-31 DRD Chart (by got Goldies)Then you can add in the prediction. 4 bottoms = upper channel limit test?
05-24 DRD Chart (by Got Goldies)I couldn't resist on DRD...the dividend yields are at 11% in the $3 range. i'm using my line graph to place a buy.
04-30 DRD Chart (by Got Goldies)This is my reversal signal and my demonstration of how a down channel fails. You want to be long where red line and black line meets.
04-23 DRD Chart (by Got Goldies)Once the inverted double sliding top hits, then we zoom up to make double sliding top. Then I think a 50% drop. No more channel test.
DRD channel breakout retrace..I'm only posting this chart as a learning lesson for Silver. One of my Silver charts has this. What I'm showing here is the retrace.
DRD - 4hrI've got an order open for 4.40. Initial target is 8.24 though I may hold much longer. DRDGOLD pays exceptional dividends.
