Shandong Gold Mining Co. Ltd (SSE Composite) - Case Study

Here is another example of stock price rallies in tandem with gold rally.

On 24 February 2016, the stock price broke above S-Trader Pivot Resistance with closing price of RMB24.41.

The price broke out with the following indications.
1) S-Trader Smart Money Index - Positive (Green Bar). This indicates strong support from Big Boys (Smart Money).
2) S-Trader Multi Months High Low - 1st 6-month High breakout.
3) S-Trader Volumetric - relatively High volume.

Thereafter, the stock price rallied with the latest closing price of RMB46.56 on 8 July 2016. A profit of RMB22.15 (+90.7%).


Chart Source :
1) Metastock