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šŸ“ Trading DRD Gold: Placing On Your Watchlist/Buy Re-Entry Range

  • Writer: Lester Davids
    Lester Davids
  • Jun 27
  • 1 min read

Research Notes For 30 June to 04 July > https://www.unum.capital/post/r3004july

TradeĀ Local & Global Financial Markets with Unum Capital.

To get started, emailĀ tradingdesk@unum.co.za


Confluence of:

  • 50-week EMA

  • Incline Support

  • Previous Breakout Level

  • Provisional range between 2050c and 2140c



  • Previous Post (13 April)

  • Some initial volatility + a base, but eventually a sharp rally!

  • I am disappointed that my target was too conservative, however if you held on, then you are sitting on some massive gains.

  • Depending on your entry, the gains are sitting between 80% and 85%.

  • At current levels, it may be a good idea to take all or partial profits.

  • Original Post Here: https://www.unum.capital/post/trade-alert-drd-gold




Previous Post: Trading DRD Gold


Some short term volatility, followed by a base. The share slipped below the stop before recovering. Now approaching the full target of 1970c.




Tuesday 12 November 2024

Time: 09h25

  • Added as a buy idea on the CMS platform.

  • Traded into the provisional buy re-entry range.

  • Entry: 1722c

  • Target: 1970c

  • Stop-loss: 1615c



Previous Post:

Monday 11 November 2024

Time Published: Pre-Market

Share Name: DRD Gold

Share Code: DRD


3 Confluence levels To Monitor For A Potential Buy Re-Entry


The blue range represents the following:

  • The re-test of the previous downward trend line breakout

  • The re-test of the inverse head and shoulder formation

  • The rising 75-day EMA


If the share's downward momentum slows down at this range and the price action improves, then we will consider a buy/long re-entry.



Lester Davids

Analyst: Unum Capital


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