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Posted On: 03/10/2017 10:02:10 AM
Post# of 23
The gold miners continued to be sold, with the Gold Miner ETF (GDX) down 18% in the last few weeks. The buy level can be found by simply connecting the two previous major pivot lows. Draw a trend line and extend it. The buy level will be when the current price of GDX hits the line. The level is approximately $20.25. This can be seen clearly in the stock chart below. Expect a 10% bounce off this level within days.
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I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.
