We want to buy GDXJ $28.64, and GDX $20.41 at the market. You could for now use a sell stop $1 below buy price.
On the above chart of GDXJ you can see the Technometer is oversold, and the OP continues to make new lows while price is trying to hold.
On the intraday chart you can see how the OP has continued to new lows while price is trying to hold.
The Wyckoff Wave closed the week down again, on an increase in volume. We was hoping that prices would try to hold early in the…
The Wyckoff Wave closed the week down sharply, on low volume. For the last week and a half, the Wave had met resistance at its…
The Wyckoff Wave closed slightly lower to continue the recent downtrend, on average volume. We were hoping for a test of the lows last week,…
The Wyckoff Wave closed the week only slightly higher, on low volume. We had expected the Wave to meet resistance at the previous support area,…
The Wyckoff Wave closed the week sharply higher, on much lower volume. The Technometer is extreme overbought. We closed strongly higher Wednesday/Thursday/Friday to end the…
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