Goldfields’ price has been falling since July 2006, making a new low of R117.50 today. While it is still in a downward trend, the weekly chart suggests positive divergence.
According to my valuation, Goldfields presents value at these levels. Investors may buy into Goldfields at R110 - R118, using a small portion of their portfolio (gold stocks are by nature volatile).
Aggresive traders may buy at further dips in share price.
Dont expect this share to drop further than 116.00 if it does buy as many as you can ;-)
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