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ANGLOGOLD LTD
(AU-NYSE):
Technical Viewpoint: From a low
of $26.15 on Dec 2, 2002 prices
rallied, reaching a
high of $36.98
on Jan 6, 2003. A
decline saw prices pull back, reaching a
low of
$33.61 on Jan 15, 2003.
Another rally saw prices penetrate
resistance, closing 1/24/03
at $38.35. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 1, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $34.50. Resistance: Is at $36.98.
Point & Figure: Reversed to the upside on Jan 22, 2003. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! Anglogold Ltd
(AU-NYSE) @ $38.63 Stop: Use a protective stop of $36.63.
Anglogold Ltd is currently trading @ $38.35 plus $1.65 on Jan 22, 2003. Price Objective:
$46.50. Risk/Reward: $2.00 VS. $7.88. 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:
$46.50
Risk/Reward:
$2.00 VS. $7.88
Risk/Reward Ratio:
4:1
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