GFI-4-26-19

GFI - delivered impressive 21% rally since my bullish call in April

Gold Fields Inc is a globally diversified gold miner and producer with eight operating mines in Australia, Ghana, Peru, and South Africa.

On 24 April 2019 I posted a bullish call on GFI. Back then I wrote:

“It looks like it has completed a corrective pattern called a triangle. You can also call it a wedge. From here we may get a rally to retest the previous top at 4.40. At the very least it should test the upper channel of the wedge.”

GFI - 45 min chart updated on 4/24/2019

Five weeks later GFI reached $5.50. And this rally will most likely continue after a shallow pullback.

GFI - 45 min chart updated on 5/31/2019

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