Gold Fields (GFI): Reducing Into Strength - Thursday, 27 June 2024

GFI has rallied sharply off the Tactical trigger, reaching +R278, from R244 last week Monday. The key medium term moving averages (50, 75 and 100-Day EMA) are just ahead and could act as a resistance range. With the strong short term appreciation, reducing into strength may be a prudent move for active traders.

Here's what Unum Capital clients had access to:

Here's how the setup has subsequently developed:

Lester Davids

Analyst: Unum Capital