HUI Gold Index Stocks. WeeklyHUI Gold Index Stocks. Weekly Log
potential scenario. 28/5/2014 ( 15 )
( some Chart lines and angles when clicked, appear out of place, compared with the picture version, probably was not saved timely, before publishing.. )
Support : 192 - 207 Level
1998 Channel ( Green )
2/1 Gann angle ~ viewpoint scale
Blue break-line channel
potential IHS
164, 150, 130
HUI trade ideas
HUI: Best chance since 2000 or 2008 to go long? [Update II]Price Action: Yesterday HUI had a STRONG pullback from Fibo RL 61.8% (and new violet resistance line) at !
Risk Mgmt: Raised Stop Loss to entry level to eliminate loss.
Correlation: Added Gold Trust for comparison: While GLD has like HUI broken above steep declining resistance line, it NEEDS to jump back above 9y support line as well, watch this closely...