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#JSE Goldfields bouncing on vwap and horizontal support

Keep an eye on Gold Fields, after a roaring run from the lows seen in September last year and touching a high of R215 in January, the stock has corrected in February to an important level which could provide support. R175 is where we find both horizontal support and the anchored vwap from the Sep 22' lows.

If we do bounce we could run up to R198 - R199 where it could potentially form a head & shoulders top so i would look at buying a reversal off R175 with a fairly tight stop and a target back to where a right shoulder could form at R198.