By Zak Mir | Wednesday 27 May 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Although it is evident on the daily chart of Randgold Resources that this is a stock which is quite happy to turn on a dime, the current chart configuration where we have seen a break below the 200 day moving average at 4,688p does seem to be one where the bulls will have to struggle to escape the negative technical setup.
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