BARRICK GOLD CORP (GOLD.K)
Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section BARRICK GOLD CORP, listed on the New York Stock Exchange.
BARRICK GOLD CORP (GOLD.K)
Barrick Gold Corp is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The stock is listed on the New York Stock Exchange. Price chart formed a year-long head and shoulder bottom with the horizontal boundary acting as strong resistance at 13.8 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 14.2 levels will confirm the breakout from the year-long head and shoulder bottom with the possible chart pattern price target of 17.85 levels. The right shoulder of the H&S bottom can be identified as a separate H&S continuation chart pattern. (Data as of March 25, 2019)
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