DRD - Faked out..
DRD Gold was looking very bullish when it broke out from the bull flag.. unfortunately this proved to be a fake out when to touched around 18.50 and then pulled back. Relooking at the stock now, we see that it is back in the range and potentially targeting horizontal support around 14.80. The new range now appears to be 14.80 - 18.50 and traders can look to try exploit this. Stops on the downside would be 14.40 as I would look to go long again either on the yellow downward TL, or even the blue upward TL should the price get there.
Penafian
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