RANDGOLD

Its looking like it will head to the support area of 6000?

Following Remo's first touch rule- maybe a long anyone?

dl.dropbox.com/u/4385922/Randgold.png

waverider
looking at your chart its hard to be accurate. 6000 is a big round number .The price has gone through this many times and 6000 has not really played a role on this so be very careful.Well it has played a role but the price has moved quite far from this level then pulled back.So it would require your stop to be very wide. My first touch rule is used on accurate levels and not roughly so bear that in mind mate.. This share has the potential to move hundreds of points at a time so you need a accurate level before attempting the first touch rule.
The 1100 point target (previous thread of mine)is still in play on this one and that takes it to 5700. The 61.8 fib level is at 5780.
id go long from the 61.8 level but the stop may have to be 50 points atleast.Even hundred.
This currently bounced of the 50% fib today(just) so it shows the fibs are working.
Dont take it the wrong way mate.I just thought i would explain my rule a bit clearer.



DYOR

Can someone post a chart of Randgold with key support levels.
Thanks

Pls have a look at : gyazo.com/43dd4e969fc26a92670f416d0dcdf003

Does it look alright? Support on daily @ 5620

Svg123
Yep the fibs look right.

Hi Remo,

This has come to your level of fib at 5780p.

Would you still go long at this level ?

ta
G