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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$57.50
Risk/Reward:
$2.00 VS. $14.37
Risk/Reward Ratio:
7:1
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