HARMONY GM CO LTD
Long
Updated

JSE:HAR Harmony Gold Markup

319
The gold price is showing strength and with it gold stocks. HAR has broken its accumulation range and backed up to the range on declining volume. A strong rejection of the Yearly Pivot Point could indicate that the markup is about to start.
Note
HAR has been acting very week with decline on some volume and break back into the trading range. It seems to have found some support but this could only lead to a move back to the Yearly Pivot Point before testing the bottom of the TR.
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.