Harmony Gold is following the correction seen across the gold miners. I see two similar counts playing out over the next few weeks: Blue count: the whole wave C is an ending diagonal and we are currently in wave iv of the final move down. Red count: an alternative count would see us fall to lower lows beginning of next week to complete wave iii of C and then...
HMY has broken some interesting levels and now it's going up with a strong green candle. I'm expecting a test on the neckline for a new wave down. Let's see how it develops.
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First time getting above monthly 20 ema in a while, looks like a continuation pattern right now, looking to hold..
I missed Harmony Gold Mining on wave 2 and (ii) and have regretted it, but not going to chase here. HMY was the undisputed leader off the lows, bottoming in late 2015 before many miners which saw their prices bottom in Jan '16.
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Previous expectation of trend reversal did not come as soon as initially expected. This time, a pattern of double top with a potential shoulder is prevalent in the charts. There is also a possibility of another reversal to trace another right shoulder before entering a downtrend. Same expectations as the previous idea, except this time the SHORT position is...
This stock demonstrated very good harmonics. No wonder with a stock name "Harmony". The price trend is very similar to GOLD price. It is clearly that the price has broken the downward channel. Looking forward to a pull back of 61.8% then long at $2.
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It looks like a 3-month pump. The past history shows retraces 60% to 80% based on previous month's of price action. At the moment, it has tapped the Strong Resistance of $4.25 and surpassed Minor Resistance before that, at around $3.60. $3.60 has now become the new support, which must be breached in order for us to follow through and Sell Short at around $3.40...
This Stock has had a massive run up as the price of Gold has moved higher. Typically this market retraces 60% to 80% based on years of price action monitoring. Strong Resistance can be found at 4.28 area, which so far has been respected. Minor Resistance before that at 3.62 which is now support must be breached in order for us to follow through and go Short at...
I'm layering in orders at retrace levels indicated. Note the % differences. This is a HIGH RISK strategy if anyone were to follow me. A much safer entry is after a 3-wave retrace to support as indicated, followed by taking out the 4.18 high. That said, there's no guarantee of a retrace at all, or certainly not of a deep retrace. Red line indicates the...
Harmony has reacted strongly off the Nov '14 low of what appears to be an Ending Diagonal. The move was almost 700% in under 4 months. Unreal. Price has retraced near the start of the ED - fairly common - and may offer a retrace . I'll buy anything in the blue box. Layering in limit orders as indicated on hourly chart.
Price presented more than one bullish candle formation in the past week. This last candle is engulfing 5 of the previous candles with volume behind it.
The Harmony Gold Mining (HMY) Daily Diagram Technical Analysis Training shows the following: The (HMY) share reacted yesterday making a bullish engulfing that we expect a confirmation today. Yesterday, at the end, almost all Gold Mining Shares turn upside. RSI is oversold. MACD is bearish. The share is under the KUMO, the Kijun Sen and Tenkan Sen too...
Looking at the Harmony Gold Mining (HMY) Daily diagram we found a possible divergence in MACD. The stock has lost the Gold rally until today. The Fib shows that the $2.68 is the 0.236 of retracement. I think that after the JPMorgan's upgrade to overweight the Stock has seen the bottom here.