A push through overhead resistance near 440 sets up a run towards a major resistance level centered near 460, which is the point that needs to be bested for a trending move to the upside to develop.
Thursday, August 16, 2012
HUI Chart
The Mining Sector shares have shown some strong performance over the past three weeks having solidly rebounced from down near 390 moving up through several overhead resistance levels.
A push through overhead resistance near 440 sets up a run towards a major resistance level centered near 460, which is the point that needs to be bested for a trending move to the upside to develop.
A push through overhead resistance near 440 sets up a run towards a major resistance level centered near 460, which is the point that needs to be bested for a trending move to the upside to develop.
Looks like HUI hits up against resistance and the next morning the shorts / algos are having a field day with the juniors... tiresome... since i have to track my portfolio anyway, i am at least taking advantage of the crazy hits / rebounds to the juniors to pay myself for the work for managing my own portfolio while the HUI / Gold bide time.
ReplyDeleteAs always, thanks Dan...