Harmony Gold (HAR): A massive run for gold shares over the 5 months however the long side reward-to-risk at current levels is not appealing. On Friday we saw the first real sign of selling. The bullish regime is in tact with the price still extended well above the 8-21 EMA. At first glance, the ‘next best’ demand range is at the rising 21-EMA (7611c). This level is subject to change.