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GG - LONG on Metals and Miners

109
Closed the gap and breaking out of a consolidation area - headed to new highs?? Looking for a metal that is not too far into a trend...
Moving averages on GG are heading upwards in a nice trend. My stop will be the 20 EMA which is below the current supply area. 1st target = $13.04.
Compared to NEM, ATR is less volatile on this one.
Entry tomorrow morning.

Also watching COPX and SCCO for copper play as well.

GDX = $$$ add shares on pullback. USO looking attractive as well.

Risk here is a false breakout and overall plummet of general market as this straight up rally may end drastically in SPX.

Trade fechado: stop atingido
Hit stop today - all out. Name of the game.

Aviso legal

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