DRD about to cross on Stock RSI
daily closure on LTR but has room to move
weakly has more upside room to move
a break today and closure above LTR
will result in further upside
DRD Stochastic continued up friday and
closed above LTR today
signalling a continuation of uptrend
as previously indicated keep adding on dips
possible consolidation on friday
due to trade war jitters
This is at the Supply Zone, this means sellers are coming in to gain momentum through the correction which will be also giving a shoulder of an unfolding Head and Shoulders pattern.
DRD Gold has attracted buyers attention. Good volume has quickly pushed price and after a pause at the end of 2019 it is again breaking higher. Waiting for a test of the breakout level to catch the markup higher.
DRD
i am bullish on this stock
significant long term H&S in the making
final stage of right shoulder almost complete
correction possible or short reversal
My Strategy reduce exposure or buy on dips
DRD continuation of upward trend for the short term
as DRD is completing its H&S long term trend on weekly chart
possible consolidation in near term expected
from my initial buy in i will take half profit this week but
i will wait for trend change or reversal to confirm.
