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Randgold Resources - shiny again ?

Long
BATS:GOLD   Barrick Gold Corporation
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low volatility (narrow Bollinger Band ) hints for a consolidation but also a set up for future increasing volatility .

We have had a good sell-off in Gold and of course this stock, but maybe found a bottom , which was accompanied with positive divergence, crossover of the MACD trigger line

not out of the woods, but good enough for me for a long play.

and besides, given the overall toppish stock indices ( bearish rising wedges , negative divergences, huge run since Nov) and the ongoing uncertainty in Europe (Cyprus, haircut fears on deposits)... I wouldn't mind to have some stocks of Randgold now.

happy hunting, happy trading
KP

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