GDX Breaking Out
The weekly chart for GDX has created a bull flag pattern. The stock is finally breaking out with the market weakness. I am aiming for the $37.30 price level as a potential target but the prior $31.30 level could provide some resistance. Of course, if the market finds strength again then be ready to take your profits on this one quick.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.