Chaarat Gold (LON:CGH) Share Price Passes Below Two Hundred Day Moving Average of $5.76

Chaarat Gold Holdings Limited (LONCGH) is a gold mining company based in Thailand. The company operates in several countries, including Australia, Papua New Guinea, and Myanmar.

On August 19, 2021, the closing price of LONCGH shares was $5.76, which was above its two hundred-day moving average (200DMA). However, on September 8, 2021, the closing price of LONCGH shares was $49.30, which was below its 200DMA of $5.76. This means that the share price has passed below the moving average, indicating a potential trend reversal.

It's important to note that the two hundred-day moving average is a technical analysis tool used by investors to identify trends in stock prices. When a stock's price falls below its 200DMA, it can indicate that the stock is oversold and due for a rebound. On the other hand, if the stock continues to fall below the moving average, it can signal a potential downtrend.

Investors should carefully monitor LONCGH's share price and consider seeking professional advice before making any investment decisions.