GDX Lame Duck ?
This week, the GDX did a lame effort to test the 55EMA, if you could even call that a test. Hence, the 55EMA failure was pretty much a lame effort too. This downward consolidation is growing lame and old, but it does appear to continue perhaps for a bit more as I do not yet see strength in the accumulation... having said that, when it comes, it is likely to be rather overwhelming.
For now, the same zone is pushed forward as a Buy Zone or Break Zone.
This is like fishing... all is lame until the big bagger comes, when it really comes, it comes with a hard fight!
Stay safe!
For now, the same zone is pushed forward as a Buy Zone or Break Zone.
This is like fishing... all is lame until the big bagger comes, when it really comes, it comes with a hard fight!
Stay safe!
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