Feb
15
HMY: Harmony Gold Mining Co.
February 15, 2008 | Leave a Comment
I 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.
Blogroll
- Break Outs - A collection of posts from blogs I read that consistently perform well.
- Ron Walker - Rob Walker is a pattern trader with amazing youtube screen casts.
- StockCharts.com - Chart of $INDU configured the way I like it.
- The Bull Trader - Technical analysis blog run by an good group of guys.