GDX SHOWING WEAKNESS
In pre-market action this morning, GDX topped out at 23.21 just missing the key 61.8% fib retrace of the April Fool's descent at 23.36 ... that was the first bearish warning.
The 50-dma is still in an uptrend and until that turns down I will not call a SILVER DEATH CROSS. Support should hold at 22.41 now which is the 38.2% fib retrace.
Examining the RSI ... a relatively equal RSI level produced a lower price ... not a good sign. On April 21 ... the 51.34 RSI gave a price of 23.82 ... today at the same RSI level the top was at 23.21
The 50-dma is still in an uptrend and until that turns down I will not call a SILVER DEATH CROSS. Support should hold at 22.41 now which is the 38.2% fib retrace.
Examining the RSI ... a relatively equal RSI level produced a lower price ... not a good sign. On April 21 ... the 51.34 RSI gave a price of 23.82 ... today at the same RSI level the top was at 23.21
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.