GregOh
Long

GDXJ Looks Coiled for a Move Higher, But How Much Higher

AMEX:GDXJ   VANECK VECTORS ETF TRUST JR GOLD MINERS ETF
Looking at the bottom two longer-term trend lines (which have held numerous times) are now supporting current price action. The Slow Stochastic & MACD are swinging around and look like they could signal a solid BUY. Wait for the MACD cross and the Slow Stochastic to break above ~20. Targets are below & watch those previous resistance lines. When targeting, I prefer gap fills.

**TARGETS**
Target 1= 34.20
Target 2= 35.59

(Home-run Targets)
Target 3= 36.34
Target 4= 37.00

STOP=33.59

**RESISTANCE**
R1= 34.21
R2= 35.06

**Not a pro trader, do your own work**
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