GDX saw a rise in price from June breakout until its top in September. Since that September top, the stock has formed a bullish wedge pattern where it is currently bouncing off the support line. There is also a slight bullish divergence between the price & the RSI indicator.
Just waiting for the bullish breakout to occur to activate a potential price target. Any breakdown would negate the formation.
Just waiting for the bullish breakout to occur to activate a potential price target. Any breakdown would negate the formation.