Sto and ROM (200) on 15 and 7 SMA are showing a buy. 7 SMA below 15 SMA. even on 30 & 45 SMA signal is a buy, BUT with commodities and GOLD drowning at the moment I am not overly confident on the exact signal as yet. Seems this one need to fall to about 76/77 before it should set out a solid buy again. Any other TA insights out there?
pile into gfi if closes above R92 but must be down for the day, or anglogold above R293-50 but also must be down for the day.. bulls will be raging today due to futures close out. anyone thinkin the same?
personally i prefer going long with ANG or DRD. Ang tends to rally the strongest - and is less volatile on the downside. DRD has the smallest spread. Harmony is weakly traded and the spread tends to be much wider. Just MHO
I was long HAR on the expection of a bounce off the middle of the bollingers, it broke straight through that and floored on its bottom band long enough to hit my stop. It looks dead in the water tbh and I dont think it will move on its own, you'll need some action on the Gold Price or Rand/$ to get people excited about it again. One thing to be careful of on this on though, people trading it have a tendancy to panic which results in periods of no action then a sudden spike in volatility. We're in the no action phase now.
Snap, I would tend to agree with your insight. Gold is sitting at support and HAR is also rising. Sto showing a more positive buy signal. Still waiting to confirm. If it break 88 and Gold still climbs then we are set for a long again. Even GFI is looking very nice at the moment but the TA says border buy/sell - ROM but Sto says buy from 2 days ago. So HAR has both sections as buy and is more likely to continue for the short term.