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Online Share Trading

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MMM Harmony over 100 in the next few days!!!

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HARMONY BROKE 90:P Not going to stop there......
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51 REPLIES 51
gamma_spike
Frequent Contributor
pls dont jinx it!!!! But I think your onto something...
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I have held from 78, it's looking good, both Har and GFI are
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jack12
Super Contributor
Good pattern, looks like a good call
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Yeah its a nice one almost made 100% so far - my target is 110- 115.
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Theater_Cat
Super Contributor
Absa Capital says, "Harmony: Gaining on Anglogold Ashanti - The RS line showing the relative performance of Harmony versus Anglogold Ashanti is respecting medium-term support. We are reviewing our underweight recommendation in Harmony, posted last week (see Pair Trading, 07 May 2009). Harmony's share price has broken above the range high at R89, opening up further bullish potential to R100/R105 in the short term (in line with the previous recommendation). However, Anglogold Ashanti has yet to close above its range high at R320, implying that the share price is starting to lag Harmony. As such, we recommend closing the underweight position in Harmony relative to Anglogold Ashanti."
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k thanks for that. I haven't been following ang like gfi / har. Rather stick to what I been watching for a while now. I see tomorrows resistance 102 - 105. Should be another very good day for gold. +/- up 5% for my call tomorrow.
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_Marco_
Frequent Contributor
Whats the chances of harmony breaking those resistance levels
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Theater_Cat
Super Contributor
Very good. You only the ZAR to weaken to USD and for gold to maintain or rally a tad and she will fly. Starting to enter the overbought zone, buy with goo legs it can withstand the zone
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jack12
Super Contributor
Yip, they all look good for 3-5 days, ANG looks realy strong, 10 and 50 MA convergance, 3 days up, bit of resistance at 325. HAR looks like a pearl resistance at 102.
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_Marco_
Frequent Contributor
whats happening with harmony? Should we still be holding or is it time to get out?
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BAP
Regular Contributor
Gold not performing as expected? But conflicting reports on its prospects are really confusing me. Sitting out for now at the risk of missing the boat.
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The open today puzzled me. Rand is continuing to weaken at 8.60 now. No don't sell. Just a profit taking.
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Guys, I know everyones eyes are on the VOD listing, but has anyone looked at this share and does anyone see any further weakness to buy into for the upswing after the attention and dazzle settles on VOD?
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Yeah I am. I am still in, there is still money to be made - My target is 115. We might see a gold pull back to 907, so keep your eyes on that. Otherwise chances are Harmony can pull back to 86 - 88 as its under 90 again. Otherwise it's consolidating, gold needs to build up steam to break 936 - that happens then we test high 900s then 1000 quite quick.
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all that glitters is not gold.. expect gold shares to pull back 10% from fridays close according to technicals.
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Strong support at 86. doubt it will go under there - Ja, only if gold goes under 905!
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