yep I think it will provide a trade, I don't see GDX going back
to highs personally maybe rally up to the MA's above on the daily
and form a lower high, but a bounce off/near the 50 MA seems likely
as this is the first time price has tested it since Jan.
that said I wish the 60 min chart has a better pattern and
positive divergence, which it does not
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yep I think it will
GDX
Posted by matt on 25th of May 2016 at 11:11 am
yep I think it will provide a trade, I don't see GDX going back to highs personally maybe rally up to the MA's above on the daily and form a lower high, but a bounce off/near the 50 MA seems likely as this is the first time price has tested it since Jan.
that said I wish the 60 min chart has a better pattern and positive divergence, which it does not