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GOLDCORP INC
(GG-NYSE):
Technical Viewpoint: From a low
of $27.30 on Dec 22, 2008 prices
rallied, reaching a
high of $32.23
on Jan 2, 2009. A
decline saw prices pull back, reaching a
low of
$23.02 on Jan 15, 2009.
Another rally saw prices penetrate
resistance, closing 1/23/09
at $29.32. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jan 20, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $24.00. Resistance: Is at $30.50.
Point & Figure: Reversed to the upside on Jan 20, 2009. A P&F upside
reversal takes place at $27.00. Summary: Technical indicators have turned bullish. BUY! GOLDCORP INC
(GG-NYSE) @ $29.50 Stop: Use a protective stop of $27.50.
GOLDCORP INC is currently trading @ $29.32 plus $2.69 on Jan 23, 2009. Price Objective:
$39.00. Risk/Reward: $2.00 VS. $9.50. 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:
$39.00
Risk/Reward:
$2.00 VS. $9.50
Risk/Reward Ratio:
5:1
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