GDX SHOWING WEAKNESS
In pre-market action this morning, GDX topped out at 23.21 just missing the key 61.8% fib retrace of the April Fool's descent at 23.36 ... that was the first bearish warning.
The 50-dma is still in an uptrend and until that turns down I will not call a SILVER DEATH CROSS. Support should hold at 22.41 now which is the 38.2% fib retrace.
Examining the RSI ... a relatively equal RSI level produced a lower price ... not a good sign. On April 21 ... the 51.34 RSI gave a price of 23.82 ... today at the same RSI level the top was at 23.21
The 50-dma is still in an uptrend and until that turns down I will not call a SILVER DEATH CROSS. Support should hold at 22.41 now which is the 38.2% fib retrace.
Examining the RSI ... a relatively equal RSI level produced a lower price ... not a good sign. On April 21 ... the 51.34 RSI gave a price of 23.82 ... today at the same RSI level the top was at 23.21
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.