Comments on: GDX & SXE Stopped Out, GDX New Trade Entry https://rightsideofthechart.com/gdx-sxe-stopped-out-gdx-new-trade-entry-2/ Stock Trading, Investing & Market Analysis Sat, 02 May 2020 00:29:50 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Dean Drummond https://rightsideofthechart.com/gdx-sxe-stopped-out-gdx-new-trade-entry-2/#comment-11789 Tue, 07 Aug 2018 13:23:52 +0000 https://rightsideofthechart.com/?p=187698#comment-11789 In reply to lama77116.

The suggested stop is a daily close below 20.55 if targeting T4. Best to use a higher stop if only targeting T1–T3. https://rightsideofthechart.com/gdx-swing-trade-price-targets/

]]> By: joefriday https://rightsideofthechart.com/gdx-sxe-stopped-out-gdx-new-trade-entry-2/#comment-11788 Fri, 03 Aug 2018 17:25:14 +0000 https://rightsideofthechart.com/?p=187698#comment-11788 In reply to Dean Drummond.

Yep…. been building a position in NUGT… w/a $24-$26+ target..

]]> By: lama77116 https://rightsideofthechart.com/gdx-sxe-stopped-out-gdx-new-trade-entry-2/#comment-11787 Fri, 03 Aug 2018 15:19:17 +0000 https://rightsideofthechart.com/?p=187698#comment-11787 In reply to Dean Drummond.

Hi Randy, what would be the stop for GDX?

]]> By: Lesnes https://rightsideofthechart.com/gdx-sxe-stopped-out-gdx-new-trade-entry-2/#comment-11786 Fri, 03 Aug 2018 15:03:37 +0000 https://rightsideofthechart.com/?p=187698#comment-11786 In reply to Dean Drummond.

Thank you

]]> By: Dean Drummond https://rightsideofthechart.com/gdx-sxe-stopped-out-gdx-new-trade-entry-2/#comment-11785 Fri, 03 Aug 2018 15:01:37 +0000 https://rightsideofthechart.com/?p=187698#comment-11785 In reply to Lesnes.

Here’s my 60-min chart of NUGT. Any or all of these resistance levels are potential & likely swing targets* with that 24.34-24.66 resistance zone (two R levels in close proximity) as my preferred swing target at this time.
*Actual resistance levels show, best to set your sell limit order(s) slightly below the actual resistance level you are targeting to minimize the chances of missing a fill if the trade reverses just shy of resistance.

]]> By: Dean Drummond https://rightsideofthechart.com/gdx-sxe-stopped-out-gdx-new-trade-entry-2/#comment-11784 Fri, 03 Aug 2018 14:55:39 +0000 https://rightsideofthechart.com/?p=187698#comment-11784 In my haste to get this post published asap due to the re-entry on GDX, I forgot to include the following daily chart of GDX, which has since been added to the post above (that chart was not included in the email notification). I’ve also circled the numerous reactions off that key 21.00ish support level in which GDX just tagged for the first time since March. Price targets & a max. suggested stop will follow but the first two target areas are the horizontal lines indicated by the “scenario” arrows.

]]> By: Lesnes https://rightsideofthechart.com/gdx-sxe-stopped-out-gdx-new-trade-entry-2/#comment-11783 Fri, 03 Aug 2018 14:55:14 +0000 https://rightsideofthechart.com/?p=187698#comment-11783 Hi Randy,
Would you mind providing targets for NUGT please?
Charts are fairly similar, just want to be sure!

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