HOLDING THE RAIL THUS FAR - Still a hold or buy

Long

VanEck Junior Gold Miners ETF (AMEX:GDXJ)

Updated

AMEX:GDXJ VanEck Junior Gold Miners ETF

Chart Patterns

chartpattern

Uptrend in track today thus far. Watch/hold and or buy at the rail.

Comment:

Broke above 50 day (4/21) and went back to it yesterday (4/22) and bounced off creating the wick which is also at the uptrend line. Today (4/23) will help demonstrate if this run has momentum.

Trade active:

Still holding the rail. Barely, if you are risk tolerant, this is a great trade for the May 50 calls currently at $2.00. Buying here.

Comment:

Let's see what happens on open Monday. Tight stop around 48.85

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