HMY trade ideas
$JSEHAR - Rectangle back in play$JSEHARs 6% decline the prev session pushed the price back in the 6month rectangle ff the b/o in late Feb 20.
I am looking for a bounce this morning with 5864 serving as resistance
Harmony gold Breakout $hmyBreaking from Congestion phase.
$5.00 upside target
Harmony Gold Mining Co. Ltd. engages in mining and exploration of gold. It involves in building mines and open-pit operation, sales and financial management, and land rehabilitation and mine closure. It operates through the following segments: Tshepong Operations, Moab Khotsong, Bambanani, Joel, Doornkop, Target 1, Kusasalethu, Masimong, and Unisel. The company was founded on August 25, 1950 and is headquartered in Randfontein, South Africa.
$JSEHAR Harmony. For the CowboysBig consolidation break today and the share is up 13%. Possible target for this flag is 7600. Maybe wait for a bit of a pullback before entering into this ?? For the cowboys among us only. No position for me, but will wait for dip buying opportunities. Speculative.
HAR LongHAR about to shoot the lights out
LT Indicators showing Cup & handle
backed by market volatility
$JSE-HARJSE:HAR
Posting weekly chart since patter is way to big for daily.
Made sideways consolidation over last 5-6 months with top of it been tested on Friday. Break above will bring more upside.
What I wanted to point is big cup pattern that is still developing.
If it plays out potential target is around R10000
Harmony Gold Mining Bullish
Trade the move to breakout level, where consolidation could take place.
Upside target $5.81 has nice confluence of Fibonacci levels.
RSI has plenty of room to run higher.
Company profile
Harmony Gold Mining Co. Ltd. engages in mining and exploration of gold. It involves in building mines and open-pit operation, sales and financial management, and land rehabilitation and mine closure. It operates through the following segments: Tshepong Operations, Moab Khotsong, Bambanani, Joel, Doornkop, Target 1, Kusasalethu, Masimong, and Unisel. The company was founded on August 25, 1950 and is headquartered in Randfontein, South Africa.
$HMY Gold - Gold Breaks $1600 level. Great chartWith gold breaking with $1600 level for the first time since 2013 and a small sell off on earnings due to decreased production. Sentiment has changed. 52 week highs look like they will get crushed. Long further out $5 Calls.
$JSEHAR Harmony gold back into buying territory?I'm starting to keep a close eye on Harmony Gold. It has retreated almost 30% from the highs printed on the 6th of January this year @ R58.64.
The current area at R42 has been a major support level for harmony over the last 6 months with multiple reversals off this zone. What adds some further strength to this level is that we also see the 200 day moving average intersecting in the same area (200 day ma R41.44). The last time Harmony touched its 200 day moving average was back in June last year when the price was at R26!
Watch for the stock to consolidate and form a reversal candle off the current support area for a possible opportunity to accumulate the stock for a move higher. Should a reversal take place, shorter term targets are R47, R50 and R53. I would keep a stop loss under R40.00 to protect your capital.
Harmony Gold Mining Co. Ltd. Trade setupHarmony Gold Mining Co. Ltd. engages in mining and exploration of gold. It involves in building mines and open-pit operation, sales and financial management, and land rehabilitation and mine closure. It operates through the following segments: Tshepong Operations, Moab Khotsong, Bambanani, Joel, Doornkop, Target 1, Kusasalethu, Masimong, and Unisel. The company was founded on August 25, 1950 and is headquartered in Randfontein, South Africa.
HARHarmony Gold - hasn't spent much time above 5327c, and, is currently consolidating with bearish candle structure signaling some selling pressure. Gaps to the downside at 4493c.
Pairs Idea - Long HAR Short SGLEquities Pair | Long HAR / Short SGL | Over the three month period, the pair, from peak to trough, is down by 50% and is trading at the prior breakout zone as well as at the gradually rising incline support going back to August 2016. At current levels or lower I would be comfortable putting on the pair with the following levels:
Enter at or below 1.4943
Use a stop-loss 1.4400 to protect capital
Take Profit at or near 1.6900
Janky Cup-n-Handle bounce breakout into down trend reversalThe pattern formation here isn't very strong, but manage your risks and shoot for the stars.
Pairs Trade Setup - Long HAR Short SGL Equities | Potential Pairs Trade Setup - Long HAR / Short SGL
- 9 April "gap" has been closed.
- Bullish divergence on RSI & Money Flow Index
HMY Short OpportunityIndicators all pointing down, nice short opportunity here. All tied up right now, so I can't take advantage.
$JSEHAR - Rectangle b/o (4hr & D)$JSEHAR - aided by the weakening USDZAR pair and a stronger Gold price
My TP is penciled @ 5780
HAR: look at that MACD bullish crossover!MACD bullish crossover close to the zero line.
Increasing positive technical score over the last couple of days.
Same direction strategy trade.
$JSEHAR - Small gap to fill.Harmony looking like it's headed towards support around 39.20 (which would also be a retest of the breakout)
