Steve is always saying "trade you plan". Mine looks
something like:
- Maybe buy a breakout above todays high - if UUP and
general market offer reasonable tailwinds. Small position if
any.
- More attractive - wait for a pullback to 26.9, 26.6, or
that lower rail for an objective long - monitor level to level with
ideal target of the 50d.
- else find another hill to die on
GDX - Was just mapping
GDX(J) Updated Views
Posted by Orangeman on 10th of Aug 2022 at 01:59 pm
GDX - Was just mapping out some possibilities here too. Seems like the 50d MA is manifest destiny, but doubt it will be a straight shot up there...
Here is a 120m chart w/ some trendlines (blue) with sppt/resistance (green horizontal). The 200 period MA here is roughly equal to the 50d MA.
https://www.tradingview.com/x/FsSmpaOg/
Steve is always saying "trade you plan". Mine looks something like:
- Maybe buy a breakout above todays high - if UUP and general market offer reasonable tailwinds. Small position if any.
- More attractive - wait for a pullback to 26.9, 26.6, or that lower rail for an objective long - monitor level to level with ideal target of the 50d.
- else find another hill to die on
tradingview.com
TradingView Chart — TradingView