The situation is the same like GDX.
The junior miners broke below the 200 SMA and starting to bounce out of the false breakdown.
Same RSI divergence, MACD is close to cross over.
It's a buy with a stop below yesterday's low.
The junior miners broke below the 200 SMA and starting to bounce out of the false breakdown.
Same RSI divergence, MACD is close to cross over.
It's a buy with a stop below yesterday's low.
Note
The down trendline is broken too.Trade closed manually
Closing price: 31.02$
2,29$ profit/share
7,9% profit
Note
Waiting for the gap to be closed.
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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.
Related publications
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.