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Writer's pictureLester Davids

Trade Alert: DRD Gold

Tuesday 12 November 2024

Time: 09h25

  • Added as a buy idea on the CMS platform.

  • Traded into the provisional buy re-entry range.

  • Entry: 1722c

  • Target: 1970c

  • Stop-loss: 1615c


 

Previous Post:

Monday 11 November 2024

Time Published: Pre-Market

Share Name: DRD Gold

Share Code: DRD


3 Confluence levels To Monitor For A Potential Buy Re-Entry


The blue range represents the following:

  • The re-test of the previous downward trend line breakout

  • The re-test of the inverse head and shoulder formation

  • The rising 75-day EMA


If the share's downward momentum slows down at this range and the price action improves, then we will consider a buy/long re-entry.



Lester Davids

Analyst: Unum Capital


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