DRD drdgold limited

moving on up very strong today., page-10

  1. 5,881 Posts.
    re: moving on up I am holding off on these for a little while, I have decided to wait until this share breaks out of it's downtrending channel. I will miss a little profit at the bottom but if I can catch 60% of the move up I will be happy. Also the looking at the Chart the RSI was up around 70 which makes me think we could pullback a little. I have no doubt that this share will be an absolute star if Rand priced gold starts to move up again, however at this moment I am not convinced that this is happening. I am asking myself the question how much of this shares recent performance is down to several favourable articles written by Gold analysts. Sorry to sound pessimistic but I am going to play it safe and wait till it breaks out of the top of it's downtrending channel.
 
watchlist Created with Sketch. Add DRD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.