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HARMONY GOLD MINING CO
(HMY-NYSE):
Technical Viewpoint: From a low
of $13.27 on Nov 7, 2003 prices
rallied, reaching a
high of $16.24
on Dec 1, 2003. A
decline saw prices pull back, reaching a
low of
$14.43 on Dec 11, 2003.
Another rally saw prices penetrate
resistance, closing 12/15/03
at $16.50. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 15, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $14.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 12, 2003. A P&F upside
reversal takes place at $15.00. Summary: Technical indicators have turned bullish. BUY! HARMONY GOLD MINING CO
(HMY-NYSE) @ $16.63 Stop: Use a protective stop of $15.13.
HARMONY GOLD MINING CO is currently trading @ $16.50 plus $0.68 on Dec 15, 2003. Price Objective:
$24.50. Risk/Reward: $1.50 VS. $7.87. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$24.50
Risk/Reward:
$1.50 VS. $7.87
Risk/Reward Ratio:
5:1
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