ANGLOGOLD LTD
(AU-NYSE):
Technical Viewpoint: From a low
of $23.18 on Oct 24, 2002 prices
rallied, reaching a
high of $29.87
on Nov 18, 2002. A
decline saw prices pull back, reaching a
low of
$26.06 on Nov 26, 2002.
Another rally saw prices penetrate
resistance, closing 12/13/02
at $33.99. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 1, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $29.80. Resistance: Is at $34.66.
Point & Figure: Reversed to the upside on Dec 9, 2002. A P&F upside
reversal takes place at $31.50. Summary: Technical indicators have turned bullish. BUY! ANGLOGOLD LTD
(AU-NYSE) @ $34.13 Stop: Use a protective stop of $32.13.
ANGLOGOLD LTD is currently trading @ $33.99 plus $1.32 on Dec 13, 2002. Price Objective:
$42.75. Risk/Reward: $2.00 VS. $8.63. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$42.75
Risk/Reward:
$2.00 VS. $8.63
Risk/Reward Ratio:
4:1
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