Harry Aloof
11-28-2007, 09:32 AM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
GOLDCORP INC (GG-NYSE): Technical Viewpoint: From a low of $29.50 on Oct 22, 2007 prices rallied, reaching a high of $38.11 on Nov 7, 2007. A decline saw prices pull back, reaching a low of $30.55 on Nov 19, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $34.66. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Nov 19, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $31.00. Resistance: Is at $35.39. Point & Figure: Reversed to the upside on Nov 23, 2007. A P&F downside reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! GOLDCORP INC (GG-NYSE) @ $34.75 Stop: Use a protective stop of $32.75. GOLDCORP INC is currently trading @ $34.66 plus $1.80 on Nov 23, 2007.
Price Objective: $45.00
Risk/Reward: $2.00 VS. $10.25
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2212-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
GOLDCORP INC (GG-NYSE): Technical Viewpoint: From a low of $29.50 on Oct 22, 2007 prices rallied, reaching a high of $38.11 on Nov 7, 2007. A decline saw prices pull back, reaching a low of $30.55 on Nov 19, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $34.66. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Nov 19, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $31.00. Resistance: Is at $35.39. Point & Figure: Reversed to the upside on Nov 23, 2007. A P&F downside reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! GOLDCORP INC (GG-NYSE) @ $34.75 Stop: Use a protective stop of $32.75. GOLDCORP INC is currently trading @ $34.66 plus $1.80 on Nov 23, 2007.
Price Objective: $45.00
Risk/Reward: $2.00 VS. $10.25
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2212-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)