HUI: Best chance since 2000 or 2008 to go long? [Update II]
Price Action: Yesterday HUI had a STRONG pullback from Fibo RL 61.8% (and new violet resistance line) at !
Risk Mgmt: Raised Stop Loss to entry level to eliminate loss.
Correlation: Added Gold Trust for comparison: While GLD has like HUI broken above steep declining resistance line, it NEEDS to jump back above 9y support line as well, watch this closely...
Risk Mgmt: Raised Stop Loss to entry level to eliminate loss.
Correlation: Added Gold Trust for comparison: While GLD has like HUI broken above steep declining resistance line, it NEEDS to jump back above 9y support line as well, watch this closely...