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ANGLOGOLD LTD
(AU-NYSE):
Technical Viewpoint: From a low
of $29.89 on Jul 16, 2003 prices
rallied, reaching a
high of $34.71
on Jul 28, 2003. A
decline saw prices pull back, reaching a
low of
$31.85 on Aug 1, 2003.
Another rally saw prices penetrate
resistance, closing 8/11/03
at $36.81. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 11, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $35.00. Resistance: Is at $37.32.
Point & Figure: Reversed to the upside on Aug 8, 2003. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! ANGLOGOLD LTD
(AU-NYSE) @ $37.13 Stop: Use a protective stop of $35.13.
ANGLOGOLD LTD is currently trading @ $36.81 plus $1.47 on Aug 11, 2003. Price Objective:
$46.00. Risk/Reward: $2.00 VS. $8.88. 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:
$46.00
Risk/Reward:
$2.00 VS. $8.88
Risk/Reward Ratio:
4:1
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