CosmicDust

GDX daily - very bullish - 12/5/2015

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
gdx
43 4 2
gdx
It had 3 significant breakouts since 11/17 low. Given the upward ticking 10 day MA, it is clearly in an short term uptrend. So far I am still swing trade it, instead of holding it as a long term investment.
do you have a weekly viewpoint? thanks for posting always appreciate your thoughts.
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CosmicDust d1gopher57
Weekly is bearish. If I spin a little, I would say it is neutral. Note the 40 week MA is still sharply pointing to the down size. Good news is both RSI and MACD are diverging. So for long term investing I would wait a bit.

snapshot
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Well by RSI it is already pretty far from the breakout and last time it went this far, it went back to the original price.
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True. Depending on trading timeframe (mine like days to weeks) though. I sell when I see convincing trend change. So far on daily chart no evident for me to sell yet.
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