I bought GOR a few days ago because of this chart. Short term.
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And the longer term chart looks like this, with a target of $2.98.
All my recent purchases have been in stocks that have held long term rising trends, preferably with targets.
No need to bottom fish a stock on a falling trend when there are stocks like this where support is holding.
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Been on a bit of a buying spree over the last few days, anticipating sentiment will turn up.
Mostly because the producers have been on the move nearly all week.
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If you are still not sure, the XGD is coming off a double bottom so the move could be quite rapid. Don't get left behind or end up chasing price.
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And for a final rub, here is GDX. A beautiful bounce.
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And sentiment concurs.
Going to keep tight stop losses in place with juniors for a few more days.
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