$GDXJ looking pormising (3/5)

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Conviction: 3/5
May have a better entry point after more breakout from short-term channel (Aug 2020)

Main Thesis
  • Bouncing off MT support (2015)
  • Breakout and retest from previous downward resistance (2016) (Blue)


Risks
  • RSI-W may breakdown to more attractive levels
  • OR there may be another leg down for a bullish divergence




Note
snapshot

Breakout! Buy on retest.

Updated conviction (5/5)
buyjanuary2022Support and Resistance

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