GDX Daily with Negative Divergence Hitting Resistance Zone….
or better known as the start of “Plunger’s Annihilation Zone”…
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=6&dy=0&id=p68525248699&a=385190219&listNum=1
or better known as the start of “Plunger’s Annihilation Zone”…
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=6&dy=0&id=p68525248699&a=385190219&listNum=1
Stiff resistance at 20$ !
Thanks for the great Charts ,
You are welcome Flandria and good luck!
Eagle, your chart shows that price is above MA50 and EMA13/34 is about to cross. We may have a bull case right here.
Yes RJ, good eye, EOD GDX closed one penny above the 50 MA. And, as you mentioned the 13/34 cross. This could be a bullish ascending triangle. I drew up a GDXJ for reference earlier. On GDXJ the fib did hold today.
http://stockcharts.com/h-sc/ui?s=GDXJ&p=60&yr=0&mn=1&dy=20&id=p37193649082&a=403511447&listNum=1
So gentlemen, we shall know early next week. Be careful, and wait for direction.