GDX LONG, MASSIVE MONTHLY BULL FLAG = Target $58.40
This is a MASSIVE Monthly BULL FLAG (Blue). After breaking down this massive trend channel GDX has recovered and is now breaking back into the huge UPTREND Price channel while MACD is remaining above ZERO.
I realize the month is not over yet but when you are struggling to find places to put your money when the stock market is retracing this would be my next trade. Also with the Gold chart looking better each day and that GLD Trade I posted going so well this would be the place to add to that exposure with more upside potential.
Long at OPEN tomorrow.
Target = height of the flag pole putting us at $58.40
I realize the month is not over yet but when you are struggling to find places to put your money when the stock market is retracing this would be my next trade. Also with the Gold chart looking better each day and that GLD Trade I posted going so well this would be the place to add to that exposure with more upside potential.
Long at OPEN tomorrow.
Target = height of the flag pole putting us at $58.40
ملاحظة
Holding off on Entry as price retraced this AM. Will wait for another entry point but I think this trade still has merit. Will wait for clarity before enteringتم فتح الصفقة
Broke above resistance again today on strong volume and momentum.Entry @ $33.48
تم فتح الصفقة
Nice POP this AM premarket. Glad I aped into this yesterday.Looking to ADD to this position but will NOT FOMO. Will wait for a pullback to mid to low $33 level ($33.11 - $33.58)
Both GLD and GDX trades playing out EXACTLY as expected.
Trade what you see.
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