GDX has been in a well defined channel since mid 2013. The index is fast approaching the bottom end of that channel around 15-ish. Also, note the bullish divergences in MACD and RSI that have been building since 2013. I plan to initiate a small position in NUGT if the channel is touched or broken. I will add to the position once price confirms a short term bottom is in. I closed my position in DUST today from 16 and change.
Potential Short Term Bottom in GDX
Started by
kssmibotm
, Jul 17 2015 02:37 PM
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#1
Posted 17 July 2015 - 02:37 PM
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