DRD Gold analysis

DRD seems to have survived the sub R15 price range, showing a decent spike increase in share price. Unfortunately it wasn’t enough to take them above the downtrend and overall still on a negative trajectory. As it is resting on the downtrend line we will wait to see if it manages to break through (comfortably) signaling a change in trend or like many time before, rebound and continue a downward spiral towards the R15 support line. The coming week will be very interesting in the JSE.