Pages

Monday, April 16, 2012

Support and Resistance again

The situation with GDX is little changed for the past week. Support and resistance are still the same and GDX is still wallowing below the red resistance lines.



The black support line is a line I identified over a week ago as minor resistance. Since that time, it has been hit twice from below and it is now near a test from above after breaking above two days ago. The black line is now major support and should be watched closely.
Happy trading.

No comments:

Post a Comment