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15 Okt 2016 pukul 14.18

HMY - Correction Nearing an End 

Harmony Gold Mining Company LimitedNYSE

Huraian

Harmony Gold is following the correction seen across the gold miners. I see two similar counts playing out over the next few weeks:

Blue count: the whole wave C is an ending diagonal and we are currently in wave iv of the final move down.

Red count: an alternative count would see us fall to lower lows beginning of next week to complete wave iii of C and then make one last bounce upwards before the final leg down.

Either count would have HMY bottom within a month or so and potentially take us down to the 2.60-2.40 range.
Lebih