I'm long Jr. miners here, together with positions in oil and oil services, and gold, (and probably silver soon). I think we may get a weekly uptrend confirmation to trigger as a result of the jump towards daily targets that is likely to occur within this week.
The move forecasted by the weekly chart would put
GDXJ back at the quarterly time-frame mode, from where we could consider the possibility of prices surging like my quarterly chart show...very lofty targets indeed. I'm holding a 13% position in this stock as of now.
Best of luck if you take the trade.
Cheers,
Ivan Labrie.
The move forecasted by the weekly chart would put
GDXJ back at the quarterly time-frame mode, from where we could consider the possibility of prices surging like my quarterly chart show...very lofty targets indeed. I'm holding a 13% position in this stock as of now.Best of luck if you take the trade.
Cheers,
Ivan Labrie.
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Note
Update:#GDXJ potentially trending steadily until February 2019, next target zone is 28.94, to be hit by Dec 20th or sooner, and then likely to consolidate for a couple weeks, before trending again...see chart for an estimated path
Trade active
Ideal entry to add...Potential long term upside in #GDXJ is huge...
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#GDXJ reached the weekly target, moved as per the estimate I had drawn a while back. We can look into buying back once it corrects some more Note
Might take a while until the consolidation/correction ends in #GDXJ: Trade active
I'm long.
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Looks good.
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Now ripe to add or buy back if you sold.
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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.