Goldfields has broken out of a two (2) year TR and after a backup (BU) has started the markup. Recently after a buying climax, we are seeing a possible reaccumulation range. Some volume is again stepping up and we are looking for a break of the smaller TR for the next step up.
GFI
Supply-Demand trend analysis: About to begin an upward trend as a rebounding trend gradually gives way to limited rises and decreases and Rising section of high profit & low risk.
Supply-Demand strength flow appropriate to the current trend.
D+1 %Change Rang and candlestick forecast: 2.4% ~ 0.2%. Green candlestick
you can see a detailed forecast...
End of week 31May19. Most of the companies finding itself in the top oversold list are there for good reason and would I caution all “bottom-pickers” to be very careful buying into these companies. FTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow:
Oversold:
Clover 15
Brait 18
Tongaat 21
Glencore 23
RDI Reit 23
...
Gold fields is currently testing overhead resistance on the Daily chart.
But if you zoom in the same chart, it looks like we might be having a bull flag pending a break-out.
Observing for now!
A Morning Star pattern has formed on JSE:GFI which is a bottom reversal signal. This coupled with a bounce of the bottom support strengthens the signal.
A Morning Star is found after a preceding down trend where the 2nd candles body must be below the 1st and 3rd candles body. The 3rd candle must close above 50% of the 1st red body.
I will enter this trade long...
Gold markets broke higher during the trading session on Tuesday, clearing the $1325 level,
sending the market towards the $1350 level. At this point, there is a lot of noise extending to the $1350 level,
so although this is a very bullish looking candle, I would not be surprised to see some type of pullback in this marketplace but now the $1325 level should be...
Slow moving low volume. But this specific stock has a steady trend of the upward climb. It also shows repeating gap pre-market. With it being 70% up gaps to 30% down gaps. The 7:1 chance of it being an up gap each day. Today was the day it dropped pre-market and after opening bell. that means a 70% chance for an up gap next week.
5 Waves impulse has completed and now we wait for the correction. The other confirmations are that wave 5 seems to be giving us a double tops however I am expecting it to go up a little bit first then drop. There is the RSI Divergence as well.
