Tuesday, March 15, 2016

Harmony Gold Mining - HMY

4/11/16 Daily
4/11/16
This finally closed above 4.00 making it a buy according to my thesis. It closed on HOD and a whisper away from a new long term high. I'd have been very tempted to have buy it near end of day today if I had seen it. I'm guessing it will gap up and run in the morning a bit. If it opens green I think it is a buy risking off the open. I'd likely stay in this trade as long as it stays above the 8 day. 


Daily 4/4/16

4/4/16
HMY dipped below the 8 day at around 3.80 which was the exit strategy. It has been going sideways for a bit and still looks promising. I think it is now a buy again at a close above 4.00


3/18/16 Daily

3/18/16 On Target
Tested the 8 day like a you would expect. 

3/17/16 On Target
It put in a new high today but then closed in the red. Nothing to worry about yet. I'm expecting a bit of consolidation.

3/16/16 - Buy at 3.55 On Target
HMY acted great today by dipping to the 8 day as I had hoped before going on a tear.
Entry was at 3.55 and it closed on HOD at 3.98. Plan to stick with it as long as it stays close to the 8 day or higher for now.

HMY has been riding the 8 day for a long time. I think it would be worth buying on a dip near the 8 day and risking it off 8 day or near about.

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