GDX: Looks Like The Gold-Miners Are Building Towards A Rally

87 0 4
Yesterday I wrote that there are two kinds of weakness.
One you stay away from, the other you take advantage of.
GDX-has gone sideways for quite some time. This may end soon with a strong up move. Here are the positives that I see:
1. BUY Fractals in effect ( rectangle on chart).
2. 5 Impulse Wave and 3 corrective wave pattern completed.
3. Chop indicator (under chart) (indicates a trend or choppy action) is below the 38.2 shaded area, indicating a trending stock.
4. Phase energy (lower top indicator) is heading lower - look for this to reverse.
5. RSI / Stochastic (top indicator) is over-sold and heading up.
6. The Ichimoku Cloud is rising.
7. The trend-line is rising.
8. Shorter term charts show more dynamic positives.

I think the weakness in-GDX is one you take advantage of. I think a rally is brewing. Good luck to you. Don.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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