idea- Relief Rally
It looks like an incoming relief rally for GDX,
MACD divergence, if this week close above the 11-week EMA in orange we can see the rally at least to around 27.50 or even 28.50(10% to 14% upside)
good opportunity in this chart.
I look to see the price close above the 11 Week EMA, Bottom indicator crossing above the zero line MACD already with a buy signal. The histogram above Zero Line, if I see the EFI crossing above the zero line is a confirmation of the relief rally.
Disclaimer:
This is only my view of the instrument, please carry out your due diligence, this is not advice to buy or sell anything.
MACD divergence, if this week close above the 11-week EMA in orange we can see the rally at least to around 27.50 or even 28.50(10% to 14% upside)
good opportunity in this chart.
I look to see the price close above the 11 Week EMA, Bottom indicator crossing above the zero line MACD already with a buy signal. The histogram above Zero Line, if I see the EFI crossing above the zero line is a confirmation of the relief rally.
Disclaimer:
This is only my view of the instrument, please carry out your due diligence, this is not advice to buy or sell anything.
Note
The instrument will continue to grow, all technicals are strong
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.
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.