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runyamhere
28 de Abr de 2023 14:29

DRD: Time for a Pullback Viés de baixa

DRD GOLD LTDJSE

Descrição

Price for DRD is stretched, on the daily cycle price is seeking a cycle high before beginning descent. Looking at the weekly cycle, one might construe that the share is in a new weekly cycle although this can turn out to be week 29 of a continuation of a cycle that began on 28 September 2022. Week 29 coincidentally also features as a weekly high before price descends into weekly low. The breakout of the broadening wedge will likely turn out to be a false breakout.

Trade fechado: stop atingido

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