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
In the previous posting, I have introduced 2 new custom indicators to complement the 52-week High Low.
I will provide some brief notes on these new custom indicators on values representation.
An example chart of Barrick Gold Corp (NYSE : ABX) with S-Trader Multi Month High Low.
The table below illustrates the Multi Month values representation.
Here is another example chart of Shanghai Composite with S-Trader Multi Year High Low.
The Multi Year values representation as shown in the table below.
Chart Source :
1) Metastock
