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.
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1 comment:
Dont expect this share to drop further than 116.00 if it does buy as many as you can ;-)
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