Wednesday, January 17, 2018 4:33:51 PM
How about that bull-trap in Gold/GDX today? Slam, run to new highs and then slam even harder (close enough to a flash crash). NASTY candle print with an outside red with a long upper wick. Bearish divergence now on RSI, MACD histogram and Stochs after another HH today. All are starting to roll over too.
And once again, volume higher on this down day then yesterday big up day...seemingly confirming my suspicion that volume was not confirming this BO. Pullback to GDX 22.80-23.20 imminent IMO (gap fill on daily bare minimum).
Also, need to see Gold hit that middle bolly on the daily and hold too. There is an outside chance gold trends down to touch lower bolly over the next few weeks too...in which case it would be time to load the boat IMO.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
