PICK: Miners Long Term Trend Established
- PICK holds miner producers (ex Gold and Silver); as the economy re-opens demand for metals will increase coupled with inflation creates a fundamental bullish view
- A new bullish trend has been established confirmed on MACD, RSI (maintaining a support), and stronger volume buying into the reversal (of the short to long transition)
- RSI is showing that we may be overextended and require some small pull backs or reduction in strength upward before continuing the trend upward; these pull back will be good entry points if not already long
- A new bullish trend has been established confirmed on MACD, RSI (maintaining a support), and stronger volume buying into the reversal (of the short to long transition)
- RSI is showing that we may be overextended and require some small pull backs or reduction in strength upward before continuing the trend upward; these pull back will be good entry points if not already long
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