Every stock takes a break and reverses, but X is showing some real legs. The government regulations are helping propel the stock. Analysts are upgrading. All in favor. But looming in the back ground is that huge gap. I might try going long here with a short leash!
Expecting GDX to move down to the lower trend line and bottom line of the forming penant. I will look to go long at $23.50 area. Certainly in a downtrend currently.
VALE looks to be completing the Gartley pattern, if that's the case we can expect a bullish reversal. I just don't like the daily candle. Look for conformation with a close higher.
Expecting NUGT to trend down to the $31 level. Completing the Harmonic pattern.
SLW is expected to trade down to the $20 level, then go long during the trend reversal.
Looking for NVO to have a pullback here to the 61.8% retracement. At least and AB=CD correction down to the $40 level. Looks like a harmonic pattern (BAT) fore telling the turn.
Miners (GDX) in a Gartely-Bull pattern, continuing AB=CD to $28.10 expected. Then a bearish reversal down to $27.20 likely.