GDX is approaching the declining 30 week moving average on a
weekly chart, at about 25. This might be some resistance. There is
a pos divergence on macd so maybe we start to get a Weinstein type
basing and then move above the 30 week. Just a possibility for a
longer term pattern.
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GDX weekly chart
Posted by randy on 23rd of Jan 2014 at 10:01 am
GDX is approaching the declining 30 week moving average on a weekly chart, at about 25. This might be some resistance. There is a pos divergence on macd so maybe we start to get a Weinstein type basing and then move above the 30 week. Just a possibility for a longer term pattern.