JSE:GFI has reached a previous resistance level and we could possibly see a reversal at this point if it doesnt b reak through and form a higher high. As always, I will wait for confirmation before jumping in.
E ~7890 SL ~7300 2:1 TP 8939 100 Projection TP ~9000 Critical Resistance TP: 9400 161.8 Projection TP ~10000
GFI Negative interest rates creating the ideal storm the wave of change is about to confirm a few head winds still resisting But gold indicating positive bull Trend supply cannot cope with demand?
Short/Sell GFI at current levels 8255c or higher Stop-loss: 8490c Take Profit Target: 7780c Trade Type: Short TERM CFD Time of Idea: 15:44pm, 26 September 2019
GOLDFIELDS HOURLY is finding SUPPORT on the GAP at around R80.50. With a fall in the GOLD price yesterday and a strengthening RAND will it be able to hold!
Oversold: Delta Property 24 Pan African Resources 27 Gold Fields 30 PSG Konsult 32 Telkom SA 32 Overbought: Trencor 84 Wilson Bayly Holmes-Ovcon - WBHO 83 Pioneer Food 82 Capitec Bank 78 Investec PLC 78 Spending some time on Goldfields. How quickly a share can go from hero to zero. A month ago, GFI was still trading at the top of the “OVERBOUGHT” list,...
Goldfields GFI has formed a DOUBLE TOP and has retraced down back into its previous DAILY range finding support on the bottom of the range. The full target of the DOUBLE TOP is round the R60.00 area where there is also the next area of horizontal DAILY support. Weakness in the GOLD price and a strengthening RAND are both inline with this weakness in GOLDFIELDS.
JSE:GFI seems to be struggling at a support and it could make a turn around for a long position. If it cnfirms above Tuesday's candle, I will consider a long position.
GFI Market sentiment change indication consolidation phase and bounce on support / resistance achieved close above today will confirm Bulls showing interest
GFI Multiple resistance and trend lines in play today expecting bounce will keep monitoring due to double bottom on daily chart
GFI Long Trade Stop Loss Triggered on market correction
New pairs trade from @Lester_Davids. We are buying JSE:GFI and shorting JSE:HAR ratio 1.6066. GFI is ex Div in two days (R0.60) so keep this in mind.
positive results out of america and china i will increase my position
GFI weekly support bounce and closed above wait for confirmation
GFI after positive data released market correction makes 2nd Quarter interesting wait for turnaround
GFi in upper TR and about to bounce or break out has potential lookiing good.