GDXL Position trade
-71 Week Symmetrical triangle
-Convincingly on the right side of the 200SMA on a daily and weekly basis
-Bollinger band contraction within the bounds of the triangle weekly with daily squeeze at boundary cross
-Good (not great) daily volume
30 basis points of risk (as always) planned
-Convincingly on the right side of the 200SMA on a daily and weekly basis
-Bollinger band contraction within the bounds of the triangle weekly with daily squeeze at boundary cross
-Good (not great) daily volume
30 basis points of risk (as always) planned
Note
Buy stop order @ 34.49 initial 30 basis pointsStop @ 32.75
Three potential targets being 42.31, 47.25 or just below 52
Looking to build a position and take profit at these levels
Note
GDXJ, not GDXL. My mistake.Note
Buy stop shifted to 34.60Stop loss shifted to 32.86
Note
Order is a daily close only order now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.