Down 27% in 4 Weeks, Here's Why You Should You Buy the Dip in DRDGOLD (DRD)

DRDGOLD (DRD) is now technically oversold, suggesting exhaustion of heavy selling pressure and setting up for a near-term reversal. Strong consensus among Wall Street analysts to raise earnings estimates further increases upside risk to the stock; impact is likely idiosyncratic and could move the share price in the low-single-digit percentage range on confirming price action.

Analysis

DRDGOLD (DRD) is now technically oversold, suggesting exhaustion of heavy selling pressure and setting up for a near-term reversal. Strong consensus among Wall Street analysts to raise earnings estimates further increases upside risk to the stock; impact is likely idiosyncratic and could move the share price in the low-single-digit percentage range on confirming price action.