oops

Randgold Resources - shiny again ?

Long
BATS:GOLD   Barrick Gold Corporation
0
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.