Harmony Gold on watch for bullish breakout of down channel

Long

Harmony Gold Mining Company Limited (NYSE:HMY)

NYSE:HMY Harmony Gold Mining Company Limited

trendanalysis chartpattern fundamental gold dollar hmy

HMY Harmony Gold as been in downward channel and is near supporting moving average 200 ish MA. Watching for bullish behavior. Stock is relative inexpensive in price to sales and future price to earnings. If inflation theme continues, gold stocks will have favorable demand and sales growth potential.

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