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ANGLOGOLD LTD
(AU-NYSE):
Technical Viewpoint: From a low
of $19.75 on Jul 26, 2002 prices
rallied, reaching a
high of $24.20
on Aug 9, 2002. A
decline saw prices pull back, reaching a
low of
$20.40 on Aug 21, 2002.
Another rally saw prices penetrate
resistance, closing 9/12/02
at $27.48. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 6, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.00. Resistance: Is at $28.24.
Point & Figure: Reversed to the upside on Sep 12, 2002. A P&F upside
reversal takes place at $24.75. Summary: Technical indicators have turned bullish. BUY! ANGLOGOLD LTD
(AU-NYSE) @ $27.63 Stop: Use a protective stop of $25.63.
ANGLOGOLD LTD is currently trading @ $27.48 plus $1.97 on Sep 12, 2002. Price Objective:
$36.00. Risk/Reward: $2.00 VS. $8.38. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$36.00
Risk/Reward:
$2.00 VS. $8.38
Risk/Reward Ratio:
4:1
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