AMEX:GDXJ   VANECK VECTORS ETF TRUST JR GOLD MINERS ETF
26 views
0
26 0
1) Divergence in the 4hr RSI and MACD crossing over.

2) Price has touched the bottom of the downward trendline on Oct 06.

3) Support at 38.2% Fibo of the rally from Jan 2016 to Aug 2016

4) May see another downleg to sub 37 due to spiking USD but risk/reward is good for a bounce to 42

Risk/reward ratio is 3:1
Trade closed: target reached: GDXJ is likely to see some resistance from the Oct 04 gap.

Will wait for a retracement before going long again.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out