- Bears of GDX has to break the 200 DMA for continuing the current down move that's happening. And it looks like they have enough momentum for doing it. But bears has to take note of one or two things before shorting further.
- RSI in daily chart is not making new lows while the price has been making new lows. Price in weekly chart is approaching an important trend line. So we may see a short term bounce here.
- INTEL CORP TECHNICAL ANALYSIS
There appears to be a discrepancy between your GDX chart and that on stockcharts.com, which shows no positive RSI(14) divergence on the daily.
ReplyDeletehttp://stockcharts.com/h-sc/ui?s=gdx&p=D&yr=0&mn=6&dy=0&id=p00086126617
nice site!
ReplyDelete@rosabarba
ReplyDeleteI checked the settings for RSI(14) yet there seems to be some difference. MACD looks the same.
@zstock7.com
ReplyDeleteThanks
@rosabarba
ReplyDeleteI checked in Freestockcharts.com and there the divergence can be seen in RSI(14)