|
ELDORADO GOLD CORP
(EGO-NYSE):
Technical Viewpoint: From a low
of $11.67 on Mar 26, 2010 prices
rallied, reaching a
high of $18.62
on May 12, 2010. A
decline saw prices pull back, reaching a
low of
$14.93 on Jun 21, 2010.
Another rally saw prices penetrate
resistance, closing 6/18/10
at $18.37. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 18, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $17.50. Resistance: Is at $18.62.
Point & Figure: Reversed to the upside on Jun 19, 2010. A P&F upside
reversal takes place at $17.00. Summary: Technical indicators have turned bullish. BUY! ELDORADO GOLD CORP
(EGO-NYSE) @ $18.63 Stop: Use a protective stop of $17.13.
ELDORADO GOLD CORP is currently trading @ $18.37 plus $0.23 on Jun 18, 2010. Price Objective:
$27.50. Risk/Reward: $1.50 VS. $8.87. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$27.50
Risk/Reward:
$1.50 VS. $8.87
Risk/Reward Ratio:
6:1
|
