I like the chart in precious metals and miners as of late. Given the weakness in equities and the options data favoring a decline, I think buying into gold and silver mining might pay off.
The
GDX chart shows a weekly Timemode trend signal confirmed last week, you can see the boxes that detail the targets it can reach if it doesn't fall below the stop loss on chart.
Individual stocks might offer more or less interesting trade setups as well, but the sector ETF is already a good enough proxy for this trade.
I leave you with the due diligence required to find good in individual stocks that might rally with this sector here.
Best of luck,
Ivan Labrie.
The
GDX chart shows a weekly Timemode trend signal confirmed last week, you can see the boxes that detail the targets it can reach if it doesn't fall below the stop loss on chart.Individual stocks might offer more or less interesting trade setups as well, but the sector ETF is already a good enough proxy for this trade.
I leave you with the due diligence required to find good in individual stocks that might rally with this sector here.
Best of luck,
Ivan Labrie.
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Disclaimer
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🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.