Gold Junior Minors, when to get on the train
Looking for GDXJ to break above 60 for a potential bull breakout with a target around 90
Or, a breakdown to the 200 day moving average to 42 to 48. It's harder to predict this bottom because of the expected upcoming volatility, so buy orders spread throughout this lower range is a good strategy to catch some (if not all) of that bottoming activity before the great bounce.
Of course there is always the chance it would break down even lower, but as always this is not financial advice, don't risk more than you can loose, etc.
Or, a breakdown to the 200 day moving average to 42 to 48. It's harder to predict this bottom because of the expected upcoming volatility, so buy orders spread throughout this lower range is a good strategy to catch some (if not all) of that bottoming activity before the great bounce.
Of course there is always the chance it would break down even lower, but as always this is not financial advice, don't risk more than you can loose, etc.
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.