Good afternoon fellow traders!
So much has happened in the gold price since our original article on 20 Oct 2021 that I should provide an update.
Here is the original article with some updates to follow the conclusion. ( https://klse.i3investor.com/blogs/thealphatrader/2021-10-20-story-h1592797603-TOMEI_CONSOLIDATED_BHD_7230_Powerful_Trade_Setup_Identified.jsp )
1. GOLD HAS CROSSED USD1800 CONVINCINGLY!
Gold is currently trading at the USD 1850 at the time of writing and is looking very bullish as inflation fears intensifies. Also I believe the seasonal factors as mentioned above are in motion and all the pieces are falling into place.
2. TOMEI CHART IS LOOKING GOOD!
TOMEI price is moving along nicely with the GOLD price and I believe will continue to do so until February 2022. Since our original entry price of RM0.95, the stop loss of RM0.88 has not been triggered as the price has stayed comfortably above RM0.93
3. SO… WHAT IS NEXT?
I will just stay with this trade as planned and will revist the trade again in February 2022 or if a minimum of RM1.30 is hit!!
Thanks for reading and happy trading!
Disclaimer: This blog is created for sharing of trading ideas only. It is not in any way or form meant to be an inducement or recommendation to buy or sell any stocks.Consult your financial consultant before making any financial investments.