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TomKirk

GDXL Position trade

Long
VanEck Junior Gold Miners ETF (AMEX:GDXJ)  
TomKirk Updated   
AMEX:GDXJ   VanEck Junior Gold Miners ETF
Trend Analysis Moving Averages Triangle
1
0
trendanalysis movingaverage triangle
-71 Week Symmetrical triangle
-Convincingly on the right side of the 200SMA on a daily and weekly basis
-Bollinger band contraction within the bounds of the triangle weekly with daily squeeze at boundary cross
-Good (not great) daily volume

30 basis points of risk (as always) planned
Comment:
Buy stop order @ 34.49 initial 30 basis points
Stop @ 32.75
Three potential targets being 42.31, 47.25 or just below 52
Looking to build a position and take profit at these levels
Comment:
GDXJ, not GDXL. My mistake.
Comment:
Buy stop shifted to 34.60
Stop loss shifted to 32.86
Comment:
Order is a daily close only order now
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