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MERIDIAN GOLD INC
(MDG-NYSE):
Technical Viewpoint: From a low
of $15.26 on Jun 11, 2002 prices
rallied, reaching a
high of $18.70
on Jul 24, 2002. A
decline saw prices pull back, reaching a
low of
$15.78 on Jul 1, 2002.
Another rally saw prices penetrate
resistance, closing 7/10/02
at $18.70. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 10, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $16.25. Resistance: Is at $19.25.
Point & Figure: Reversed to the upside on Jul 9, 2002. A P&F upside
reversal takes place at $17.00. Summary: Technical indicators have turned bullish. BUY! MERIDIAN GOLD INC
(MDG-NYSE) @ $18.75 Stop: Use a protective stop of $17.25 .
MERIDIAN GOLD INC is currently trading @ $18.70 plus $0.78 on Jul 10, 2002. Price Objective:
$32.00. Risk/Reward: $1.50 VS. $13.25. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$32.00
Risk/Reward:
$1.50 VS. $13.25
Risk/Reward Ratio:
9:1
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