GFI trade ideas
JSE:GFI Gold Fields Gold on the move.Just like Anglo Gold Gold Fields has seen an increase in volume and is pushing off resistance become support continuing the markup that had started.
Long GFI Taking long position in GFI, giving the fact the market is not acting well, and there is high probability we trend to the downside. Taking long position in a precious metal would protect you from downside. Recently, most gold miners companies have done well and trend to the upside. Therefore, I expect this one to continue trending to the upside.
GFI LongGFI on same Trend as GLD
stock set to make some gains in the next comming week
wait for break of LTR
JSE:GFI Gold Fields Pushing HigherGold is very strong. After a week pullback, we are now seeing price breaking higher.
GOLDFIELDS - Long in upward channelJSE:GFI has been in an upward trend since mid-March and seems to have bounced off the bottom of the upward channel. We could possibly see an upward move towards the top of the channel.
JSE:GFI Gold Fields MarkupFollowing the trend in all gold stocks, Gold Fields has had a week pullback attempt and is now ready for the markup to continue of the oversold line.
JSE:GFI Gold Fields MarkupLarge investors have been buying Gold Stocks since 2016. We can see the progression of this accumulation in the Gold Fields charts (see posts below). With the recent fire sale which even affected gold stocks, they were buying even more. Gold was being sold to raise cash but if we look at the volume others were buying. Now volume has decreased but we see ease of movement to the upside. This is because investors are have bought up the available stock and there is little available pushing up the price. The markup is now in full swing.
JSE:GFI Gold Fields Gold Stocks StrengthJust like the other gold stocks Gold Fields is sowing a lot of strength and is looking to break out of the trading range after a key reversal bar today.
JSE:GFI Gold Fields SpringJust like the other gold stocks Gold Fields has lost a lot of value in the last couple of days. But just like some of the other gold stocks it has held above the yearly pivot point and 200 Day SMA and formed a spring of the trading range. The volume increases during markups, it is stronger than the Top 40, there is divergence with the Volume RSI and a reversal bar has formed. Looking for the further markup of Gold Fields. We could see a test of the spring but should have a strong markup.
GFICurrently at the Supply Zone and the play along the E leg of the harmonic, we look for the pullback.
Weekly game plan 2 February 2020 - GFINo triggers yet, but with all the fear and uncertainty in the market around exactly what the impact of the coronavirus will be, we are looking at how Gold reacts and potentially at longs in gold stocks. GFI looks interesting, but we will only become buyers if the highs from Friday are taken out (daily close above).
JSE:GFI Gold Fields Pushing for the BreakoutGold Fields has been undergoing re-accumulation (see posts below). After a pullback at the beginning of the year price is again pushing at the breakout level with some volume. There is further some signs of strength (SOS) on volume in the background. The relative strength is also turning higher.
High probability Trade in my opinion Theres no reason to even display an RSI indicator, It quite apparent it is oversold. Empirically speaking, there is no detrimental problem with the company. MY fib re-tracement may not be by the book. I try to find the correlation of previous support and resistance polarity and fib lines. Im going long. I purchased at the bottom fib line if it declines I will double down.
Happy Trading
Best gold mining stocks to buy. Part I.Long-term only. Buy @ $2-4, TP $6-15-20-30, sell if the price goes below $1.
JSE:GFI Goldfield Re-accumulation CompleteGoldfields was in a re-accumulation trading range for the second half of 2019 and is now pushing higher. There is major signs of strength (SoS) and the markup is set to continue.
NYSE Stock Picks: GFI (Gold Fields LTD)NYSE:GFI
NYSE: GFI Gold Fields LTD
Price is looking to push beyond the 6.25 which is considered a strong resistance point. A break to this area will take price to target 7.40 as a first target (Fib Target) the second target will be 8.15.
While it seems more likely to break above, if the market fails to break above the 6.25, price is expected to retrace to find support on the upward TL around the 5.30 Area.
