Tuesday, April 21, 2015

From a Member-GDX - Latest...

GDX - Latest...


The Bear 'Pennant' I posted yesterday is still a threat, although the 30Min shows price bouncing from the string of averages and looking like it wants to break up and out of it Bull 'Flag'...It needs to break above the 600/MA and prove the 'Triangle' breakout and back-test is for real.


I don't like the way the McD broke down from the 'Triangle' need to see that recover the lower line.


We are in with another well over 100 point gain which at £10pp is not to be sniffed at but it has been a slow slog and one always wants more. The key is not to let too much of this gain slip without being bounced out before potentially higher profits. So moving a third of the position stop up under yesterdays low with the remainder slightly lower is a good option I think...

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