DRD trade ideas
JSE:DRD DRD Gold TestingDRD Gold has dramatically lost half its value in about a week. However, after testing the bottom of the previous trading range it formed a higher high (HH) and could not stay below the yearly pivot point and 200 Day SMA. A strong reversal bar indicates an impending markup for the stock. Increases have been on volume indicating demand.
DRD Long continuationDRD long
good set of results for 2019
Noticeable ROE
with sustainable grow for the long term.
DRD Long ContinuationDRD about to cross on Stock RSI
daily closure on LTR but has room to move
weakly has more upside room to move
a break today and closure above LTR
will result in further upside
DRD Long continuationDRD breakout today expected
will signal next long trade
increase exposure
next resistance is at 964
DRD Long ContinuationDRD Stochastic continued up friday and
closed above LTR today
signalling a continuation of uptrend
as previously indicated keep adding on dips
possible consolidation on friday
due to trade war jitters
DRD GOLDThis is at the Supply Zone, this means sellers are coming in to gain momentum through the correction which will be also giving a shoulder of an unfolding Head and Shoulders pattern.
JSE:DRD DRD Gold Attracting AttentionDRD Gold has attracted buyers attention. Good volume has quickly pushed price and after a pause at the end of 2019 it is again breaking higher. Waiting for a test of the breakout level to catch the markup higher.
DRD Possible shortDRD
i am bullish on this stock
significant long term H&S in the making
final stage of right shoulder almost complete
correction possible or short reversal
My Strategy reduce exposure or buy on dips
DRD Long short term tradeDRD continuation of upward trend for the short term
as DRD is completing its H&S long term trend on weekly chart
possible consolidation in near term expected
from my initial buy in i will take half profit this week but
i will wait for trend change or reversal to confirm.
DRD Long investment StrategyDRD My Strategy applied .
Add on dips for a long term investment strategy
Blue line showing my initial buy in
DRD Long ContinuationDRD still going strong
Bulls continued pressure finding value
Recommend increase exposure
DRD Long Bounce on supportDRD Support levels creating possible bounce
will wait for turnaround gold still bullish
digital war huge influence to trade war
looking good for gold
$JSEDRD - Momentum change (Inline with other Gold shrs)$JSEDRD, Gold shares are starting to reverse the uptrend in the short term, as the firmer ZAR & softer Gold price start to bite
$JSEDRD -Intra-day break (4hr)$JSEDRD inline with firm Gold price, DRD breaks abv the falling trend line and sets 779 (Recent highs) as a target
$JSEDRD - Bounces off TL supportDRD pulled back nicely in line with the Rand/Gold price. Has since bounced nicely off support. Bullish if holds.
