will hold untill friday this week gold will up hopefully finding new resistence up there..last month MT4 forex news say gold will continue to roar from 2100-2500 in the end of the year so this caunter so good to buy and let it
The pre-existing jewellery business contributed RM4.89million revenue during the current quarter compared to RM3.95million in the corresponding quarter in previous financial year. Despite the current quarter slight increase in reported jewellery sales, the overall demand for jewellery remains low due to persistent global economic uncertainty and recent COVID-19 pandemic around the world.
The Group’s jewellery business prospect continues to be weak due to slowing consumer demand, intense competition from other jewellery retailers and economy slow down due to COVID-19 pandemic and varying stages of Movement Control Order issued by the Malaysian authorities.
I thought they are doing gold trading? how come it is not mentioned?
It's always alright to do short-term trading through buying and selling at smaller spread. However, this will fuel the stock price higher due to the uptrend momentum of gold atm (may it be XAUUSD or GC-ZG contract)
Anyway, those who sell too early will tend to jump back in and then fuel the price higher until there is a balance between. Price will go sideway, then slightly dip, then resume the uptrend.
The common mistakes of short-term traders are they will miss serious profit from swing trade.
As far as the momentum of uptrend is concern, swing trade on this stock is better at this point.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cicakman
7,727 posts
Posted by cicakman > 2020-09-01 10:44 | Report Abuse
Coming 2150.