Category Archives: HMY

HMY: Harmony Gold Mining Co.

harmonyI think that with Harmony Gold there is an opportunity to steal a couple points in the near term future.

Check out the chart on the left; HMY has clearly been trading in a channel that began around August and is still moving side ways. Currently, we are near the bottom of the channel and based on the past results, there should be a rise up to the channel’s upper resistance.

I think buy now (currently$10 bucks), sell if there a cross through the lower support @ about $9.48. When the price moves up, i think a safe/conservative move would be to sell around $11.