Wednesday 24 October 2018

Recent purchase 2840 SPDR Gold

Recent Purchase on 2018/10/25

HK Stock Market
Stock Code: 2840
Price per share: $917.5
Share number: 700

Reason for Purchase:
Overall picture: General stock market had entered into Bear market territory. Time for hedging in Gold.

Weekly Chart: 1. MACD gold Cross. 2. Good volume support on recent up turn. 3. Price cross above 10 week MA. 4. Overall Double bottom structure form between AUG-OCT 2018. 5. 10 week MA Upsloping.

Daily Chart: 1. Gold Cross on 20 day and 50 day MA. 2. Price rising steady in Short term Up trend.

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