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
When traders/investors place their money on stocks/indices/commodities, their main concern is whether they are on the right side of the market.
If we are able to address the following questions, it will be a great advantageous to the retail traders/investors where they could ride along with the smart money's wave.
1) Who are the smart money ?
2) When are they investing ?
3) Where are they investing ?
With that in mind, I have developed a custom indicator called "S-Trader Smart Money Index".
An example chart :
Chart Source :
1) Metastock
