If gold's price continues to stay elevated and push higher then I believe DRD Gold will push higher too.
It has broken out of the trend line and looks set to move higher, which coincides with gold breaking out too.
Strikes aside, I think pullbacks will be an opportunity to add to positions.
Price targets are highlighted on the chart, with predetermined profit taking prices along the way.
Profit taking started today, which also coincides with the strike actioned that was served to Sibanye Stillwater.
My price target within 12 months, barring any economic meltdown, is R22 (+- 50% return)
My stop loss will be set below R11.50.
Disclaimer,
I have been accumulating DRD gold since R11,50, and have taken profits recently, will look to add to existing positions again in large pullback like today (9th March 2022)
It has broken out of the trend line and looks set to move higher, which coincides with gold breaking out too.
Strikes aside, I think pullbacks will be an opportunity to add to positions.
Price targets are highlighted on the chart, with predetermined profit taking prices along the way.
Profit taking started today, which also coincides with the strike actioned that was served to Sibanye Stillwater.
My price target within 12 months, barring any economic meltdown, is R22 (+- 50% return)
My stop loss will be set below R11.50.
Disclaimer,
I have been accumulating DRD gold since R11,50, and have taken profits recently, will look to add to existing positions again in large pullback like today (9th March 2022)
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。