The Index swings within a negative trend channel. It rebounded on the lower limit of the channel, also the fib retracement 38.2% (170). Since march 18 it climbed with little steps to the next resistance - a falling trend line, that is coming from june 2011. This had to be broken - what happened - to confirm the positive move. The trend line is now support and has been tested several times. In the last days the index has moved sideways, veering away from the support-line. While the index stayed on the same level, RSI has rosen - so there is a positive divergence between the index and the indicator with some probality that hte index will close it. Possibly RSI will fall or go sideways - both would not destruct the positive movement; unless the support doesn´t hold!
HUI has much pace to the upper limit of the trend channel which is at around 200. That would be a gain of 11% from today.
Once reached the limit we have to analyse if the momentum is strong enough to break through the resistance. Shortly behind there is a swing trend line and a double fib retracement! - I think at least at these levels we have to think about taking profit.