novvoll12
Long

GDX $20.40: 6-week rising trendline underpins further upside

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
GDX
100 0 0
gdx
GDX             continues to strengthen off a 6-week rising trendline , signaling further upside. Bulls break through 20.23 (April 16, 2015 range high) to extend gains towards 21.48 (February 27, 2015 high) near the 200 day moving average. Clearing the latter would accelerate the rally to open 23.22 (January 21, 2015 YTD high). The 19.31 support area (April 22, 2015 low) near the rising trendline should underpin the upside. Only a break below the latter would delay caution for renewed weakness towards the 17.29 range support (March 11, 2015 low).

Outlook:
Short term: buy on pullbacks
Long term: neutral
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out