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Online Share Trading

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Hovering on support

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Penny_Pincher
Super Contributor
Has taken a bit of a breather since February. Tweezer bottom on the daily. Oscillators grouping at the bottom. Volume still lacking though. Small punt with a CFD long perhaps?
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14 REPLIES 14
Bouwer
Super Contributor
At R2.50 a share why not just buy the equity..
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Penny_Pincher
Super Contributor
What is gold going to in the long run? Use the leverage in the short term.
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Bouwer
Super Contributor
Major resistance level at current. If it does break through could be upside potential, $1370. But I think it is going down again and may go down to around $1260 and than a break up through resistance..
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partridge
Super Contributor
This is a very interesting play - and the key factor is the cost of production. Its low. I like this.
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Why the huge volume today?
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Why the huge volume today?
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Why the huge volume today?
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Why the huge volume today?
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Why the huge volume today?
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Penny_Pincher
Super Contributor
Gold touching its 200d SMA
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It used to be low - but now they have bought an asset that Harmony didn't want - which has to ring the first warning bell. Recovery grades will be lower now, and cost of production has to increase (logically). They have traded a high profitm high grade mining situation - (with no reserves to boast about) for a low grade higher cost situation, now boasting significant reserves. So a complete change in strategy for these guys. Don't be surprised when the capital raising exercises start
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Yakah
Contributor
Howzit CFD is too high a risk for a Penny stock which won't allow you big enough room for corrections. Check the absorption volume at the support levels starting 7 July 2013 and then we have seen relatively big buying going on over the last month. If the volume displayed was selling then we would not have seen higher lows being made... Hold onto your horses, here comes a nice move. God bless
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LABAT AFRICA FORCAST BEST GROWTH FOR 2015. GET IN ON THIS ONE. THEY EXPECTED TO BUY OVER A BIG COMPANY SOON SHARE PRICE IS ON A BIG INCLINE OVER THE NEXT FEW WEEKS. ENJOY THE RIDE UP.
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