BUY! Barick Gold Corp (ABX) NYSE

  Report No. 2256    Analysis by: Harry Aloof     DECEMBER 31, 2007

BARICK GOLD CORP (ABX-NYSE): Technical Viewpoint: From a low of $38.60 on Nov 19, 2007 prices rallied, reaching a high of $43.46 on Nov 26, 2007. A decline saw prices pull back, reaching a low of $37.05 on Dec 20, 2007. Another rally saw prices penetrate resistance, closing 12/28/07 at $42.88. Technicals: MACD Index (MACD): A Buy Alert! was given on Dec 20, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $38.00. Resistance: Is at $43.46. Point & Figure: Reversed to the upside on Dec 28, 2007. A P&F upside reversal takes place at $40.00. Summary: Technical indicators have turned bullish. BUY! Barick Gold Corp (ABX-NYSE) @ $43.13 Stop: Use a protective stop of $41.13. Barick Gold Corp is currently trading @ $42.88 plus $2.60 on Dec 28, 2007. Price Objective: $57.50. Risk/Reward: $2.00 VS. $14.37. Today's Risk Reward Ratio: 7:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$57.50 Risk/Reward:
$2.00 VS. $14.37 Risk/Reward Ratio:
7:1
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