GDXJ has broken inside the triangle on increasing volume, using a 4hr chart . (Click to enlarge) More downside would seem likely (Especially a close inside)
Author Archive for: Alex - Chart Freak
About Alex - Chart Freak
I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.
Entries by Alex - Chart Freak
I've been asked what I see with the selling in GDXJ / GDX today.
- I can view it in a few different ways, so lets start with the daily
-( Is it just a simple "test" of the break out & 10sma ?)
I'm Still liking Rare Earth set ups( See QRM, AVL, REE,MCP ) as mentioned in a prior post. They have "Based out" and look to be moving above( and some have finding support above) their Moving averages .
I also like some of the energy stocks like AXAS , MNGA, & a few others are starting to look good.
Let me highlight 2 stocks and why I like them. SHLO and MNGA
I wanted to quickly review a possible change in the way AAU looks. It may have gone from "Bullish" to "Caution" , please read on... Read More
Noticed some reversals in RARE EARTHS today. They look oversold and seem to be “BASING”. see AVL, QRM, REE, MCP MCP as an example
Some short term indicators got a little overdone. Is this just a gap fill, or is this run getting "Tired" and due for a little more downside?
This isnt just a precious Metals site, but that is where a lot of action is lately. Lets take a look at a few good looking set ups.
AAU hasnt "Popped" yet, but it looks set up to move higher
The Equity markets are dipping lower, but that can allow consolidation of recent gains to re-set a stock for re-entry. Notice...
We started watching ANV in the $3+ area back in Dec/Jan ...
But the future STILL has a lot of potential !!
Sent out a BUY rec @ $6.60 on Feb 18 with this chart
Their earnings report has added FUEL to the BREAK OUT Read More
Good run last time (60%) and the 50sma held nicely, so I added a position here . Interestingly- Volume today is also as large as what a full day usually has.