A few days ago I posted a video showing the potential drop on
GDX
. You can see it here.
It has done as expected.
Now, with the moving average crossover and the consistent volume on this bearish move, there is a strong chance to see a bit of a rally soon and then continuation. It is a great chance to consider entering short on a rally to either add to an existing position, or to enter a first position.
GDX
. You can see it here. It has done as expected.
Now, with the moving average crossover and the consistent volume on this bearish move, there is a strong chance to see a bit of a rally soon and then continuation. It is a great chance to consider entering short on a rally to either add to an existing position, or to enter a first position.