RANDGOLD

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

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

I agree with you Elena. This share can rip you apart if not traded properly.
All the best.

1100 points lower? lol

I just took a quick trade SB opened at 6420 and closed @ 6395.

Looks a good trade heading downwards but this share can motor either way. I remember being long around 5810p and closing @ 5910p and thinking I was a master trader until I saw it at 7600p+

If it goes above 6430p I might be tempted for another short.

This share can have problems so maybe a good one to feel happy overnight or weekends? (when short)

I am beginning to like new Charts View

broke trend line and now heading towards the target of 1100 points lower

dyor
remo

Hello remo,

Can you pls post a chart for randgold?
Thanks