Gold Miners ETF (GDX): GDX near major support with extreme over...

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Wednesday, 05/18/2022 12:48:58 PM

Wednesday, May 18, 2022 12:48:58 PM

GDX near major support with extreme oversold condition adds to the bullish setup
By: Tim Ord | May 18, 2022

• 18 MA of up down volume and Advance/Decline both hit near -50; lowest reading going back to 2010. 83% chance a worthwhile low is forming here on $GDX, GDX also near major support with extreme oversold condition adds to the bullish setup.

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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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