Lifesong

HAR - potential long

Lång
Lifesong Uppdaterad   
JSE:HAR   HARMONY GM CO LTD
Harmony price has been moving in a descending channel and is currently at the bottom end of it.
Technically a bounce in price is possible if the pattern persists.
The Gold price has been trading sideways for the last week or so and price should remain > 1845 to support a potential bounce for gold producers,

Monday's price for Harmony will determine if a trade is lucrative and should be managed according to individual risk appetite.
If the technical pattern materializes, a 10% bounce in price or more could be in the offing - all dependent on what happens in the Gold price.
Kommentera:
Price still drifting lower and I'll rather keep an eye on this week's price action.
Patience and if price reaches the 6100 - 5800 level I'll reconsider my options
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