GDX update - we may have a trade here - 7/24/2015

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GDX             was oversold and registered lowest RSI since 2007. Though bearish , counter trend rally tends to be powerful.

Wait until price and RSI go above their resistance line, and MACD turns positive. Target $17.7 (20% + gain potential).

Need proper stop to prevent further falls. Otherwise, hold until overbought.

CosmicDust jangseohee
Yes! I think I am a little conservative but it is bouncing up nicely today!
+1 Reply
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