Trade DRD Gold with Unum Capital.
To get started, email lester@unum.co.za
Some short term volatility, followed by a base. The share slipped below the stop before recovering. Now approaching the full target of 1970c.
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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