VanEck Gold Miners ETF
Aggiornato

GDX monthly - breaks out and looks bullish

280
RSI is in bullish zone, MACD is positive. Much more room to the upside (20% ~ 60%) but limited room to the downside (10% ~ 15%) so from risk/award perspective, it is attractive. I think it might spike fast from this level. IMHO it is a strong buy but do not forget a stop to shield down side risk.
Nota
Last week strong uptick confirmed short term uptrend. Price target is still $38. Trading strategy will be buy dips while holding current position.
Nota
This thing a little volatile but still works. I think $30 level is a good place to accumulate for next jump.

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