GDX was oversold and registered lowest RSI since 2007. Though bearish, counter trend rally tends to be powerful.
Wait until price and RSI go above their resistance line, and MACD turns positive. Target $17.7 (20% + gain potential).
Need proper stop to prevent further falls. Otherwise, hold until overbought.
Wait until price and RSI go above their resistance line, and MACD turns positive. Target $17.7 (20% + gain potential).
Need proper stop to prevent further falls. Otherwise, hold until overbought.