GDX weekly - long term breakout just happened - 2/6/2016
GDX had a monstrous 3 weeks and now officially closed above long term resistance line. Most likely bottom is in.
It is now facing an nontrivial resistance (blue line). A close above it will validate last week's breakout. Otherwise it may continue with its range bounces.
It is now facing an nontrivial resistance (blue line). A close above it will validate last week's breakout. Otherwise it may continue with its range bounces.