HMY trade ideas
HAR LongHAR breaking out
back to full production with approvals for the purchase of Anglogold last Sa mine and tailings
share price recalculated
shares making HH and HL
Good potential growth coming soonharmony has seen quite a dip due to the gold price leading the downward projection but now that gold has found a bottom and will start to rise soon we can see the potential for harmony to grow back to its usual high. With the recent positive news that harmony has better financials than anticipated and coupled with their earnings report being released soon, we may break the current high levels and get some great growth. take note of the pattern after each earnings report is released , this should repeat itself.
Please note that this is not financial advice but just a public idea open to comments and suggestions.
Harmony Gold - 3 scenariosAfter the recent blow off tops, it looks like a double top has formed, the gaps have been filled, but there is a chance they are continuation gaps, or a triple top could be next 3 suggestions A-B-C on the chart.
Depending on the gold price:
A- Direct Continuation - more parabolic - up up up
B- Double Top - takes it down to ↭R90 (80/90) then up
C- Triple Top - scaled up version of April/May 2020 pattern then up
JSE:HAR
--------------------------
“60 percent of the time, it works every time”
Brian Fantana
Harmony may short soonfrom what i see now harmony has entered the downwards triangle and might short soon unless the gold price breaks the $2000 and creates some more momentum to continue upwards.
let me know if you agree or if you have any comments.
Please note that this is not financial advice but just a public idea open too suggestions.
Contiinuamos largos buscando objetivoContinuamos largo buscando el objetio de $8.11 que nos marca Fibonacci.
HMY - Uprising !!!
After peaking at over $18.00 and and around $15.00 over the last decade, HMY has seen worst days than what probably lies ahead.
This seems like a promising opportunity with HMY successfully raising $200M to part fund the acquisition of AngleGold Ashanti’s South African assets. A few days later it featured in Zacks Analyst Blog Highlight among the top five Gold stocks to deliver strong results in 2020 on 30.06.2020.
I see a potential inverted triangle forming with higher lows forming across mid-March to May with almost 50% retracement before breaking through the previous high.
Technicals point to a good longer term buying opportunity after the gap sees some retracement. You can potentially wait for an entry as it nears 50 EMA during pullback.
What are your thoughts?
HAR wowHAR hi guys i did not see this trigger coming
Gold just shot the lights out after holding off the whole day
and some , where do we go from here.
we are in new territory
H&S ??? will have to wait and see
HMY consolidationHMY has been consolidating for quite some time now, even before the drop in march. RSI looks close to a little over bought. Wait for breakout and weekly close above blue line or long at pullback to the 20 MA
