Double bottom forming base of W. Huge volume at lows (somebody wants this thing at lows when retail is selling). Build confidence, break it down and shake weak hands. Then... Up, up, and away. Also lines up with the Gold chart.
Thank you for posting notes on this charts. It helps visualize where this stock is going and the pattern is forming.
jeffreyjim
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Use "Caution" on this one. --- This is my opinion only.
33.3% or less chance of being correct at this time -- 2-23-2018
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A = Interest Rates going higher. -- "Bond Market" decline does not look complete yet.
B = U.S. Dollar Index -- "May" be starting "Wave 2 Up"
C = U.S.A. Stock Market decline "May" not be complete yet.
D = "GDX" -- 2-9-2018 low -- $20.84 to 2-14-2018 High -- $23.15 -- Looks like A-B-C up move.
E = "GDX" may go to $27.97 plus or minus a little at this time 2-23-2018 -- ?
Just sharing my thoughts. Lets see what happens. Could be 100% wrong.
NH2
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@jeffreyjim, thanks Jeffreyjim. You are correct, there are many moving pieces and I could also be 100% wrong. Gotta love stops. Thanks for listing your points.