Tomei and Gold’s correlation. 4/July/22.TOMEI may soon completed its bullish triangle pattern soon as PohKong.
TOMEI
Gold. Market “priced in” war/rate. Now. CPI /Inflation 20/Mar/22Market probably have “priced in” the Ukraine and US rate hike factors.. While market might be waiting for how “soft landing” the inflations would be after FED “aggressively / more hawkish” on rate hike for 1 Quarter ( 3 months Core CPI) on 10 June 22. whether FED decision could have “transitory” effect on inflation/ Core CPI ( Consumers Price Index ) ..Chart show “the transitory” probably work!? BUT end by Sept 2023.. and the hyper inflation might be “back”!?
TOMEI may just completed its bullish triangle. 16/Mar/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
TOMEI. Risk/Reward Trade. 25/Feb/22Tomei. Potential having more than > 2:1 "Good" reward-to-risk ratio trade setup, As current price of Rm1.070.. As Risk 20.56% VS 71.96%...
Fund Hedging into Gold?Due to unstable market sentiment, Gold is rising as the risk is lesser comparing other investment tools.
A 'W' bottom was formed and the rally continues, if the rally continues and breaks 1900, it will bring up the sentiment in the Gold-related stock.
NICE, POHKONG, and TOMEI show a good entry price after a retracement from previous rally.
TOMEI - Still BullishTOMEI
Theme: Gold
Rst: 1.36/ 1.53/ 1.69
Spp: 1.26
Early day weakness is being supported by buying interest, pushing the stock back above critical breakout point 1.26, as long as it continues to maintain its pace here, will see further upside
TOMEI gold retailer How about ↑ 100% your investment within 1 YTomei .. A Major Gold and Jewelry Retailer In Malaysia.. Possible Stock Price will exceed RM1.80 within 1 year if Gold Price Hit All Time High Again ...
