GFI: Time to Lock in Profits

13 Oca 2023

GFI has had a good run, now is the time to be considering taking all or most profits off the table. The share price is within the vicinity of a trendline that has led to rejection of further upside. The path is a sketch of expected price trajectory, the end of path does not denote place of ending price. Of interest is the pink upward trendline closing the gap from 9 November 2022 in the process.

There is risk of a push higher after a brief pullback, one should be aware not to be shaken out. Alternatively one can keep long open but short an over-extended miner such as Anglogold or Harmony.

18 Şub 2023

Not

GFI approaching price objective, if one wants to short it level to level then we are in a zone to take profit. Expect price to go higher than resistance it formed on way down, the next swing high on daily time frame will begin next leg down.

22 Şub 2023

Not

GFI has technically failed, so from here onwards it will have lower highs & lower lows. First swing high out of rebound is a short opportunity. If one desires they can continue holding shorts as price will continue to dip.

3 Nis 2023

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