the most bullish thing would be for GDX to pull back and
consolidation in an abc like handle pattern vs breaking out now
where it would get exhausted short term and drop
Curious how you would approach playing this out... keep the stop
where it is and rebuy if it pulls back and stops out after the
a,b,c pullback? Or tighten the stop more to preserve some more
profits on the latest move up?
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GDX comments
Posted by matt on 3rd of Apr 2023 at 05:04 pm
tested the highs - the bullish view could have it pullback and form a handle of a cup and handle. the other view would be a double top
DeMark 13 on the daily
Posted by junkie on 3rd of Apr 2023 at 05:11 pm
DeMark 13 on the daily is telling! It may break out, yet the breakout is likely to fail thanks to an extreme overbought condition.
the most bullish thing would
Posted by matt on 3rd of Apr 2023 at 05:16 pm
the most bullish thing would be for GDX to pull back and consolidation in an abc like handle pattern vs breaking out now where it would get exhausted short term and drop
Curious how you would approach
Posted by greggone on 3rd of Apr 2023 at 05:54 pm
Curious how you would approach playing this out... keep the stop where it is and rebuy if it pulls back and stops out after the a,b,c pullback? Or tighten the stop more to preserve some more profits on the latest move up?