How the price action of Vaneck Junior Gold Miners Etf (GDXJ) is used to our Advantage
December 31, 2022, 00:30 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GDXJ
- Buy GDXJ slightly over 30.34 target 35.98 stop loss @ 30.25 Details
The technical summary data tells us to buy GDXJ near 30.34 with an upside target of 35.98. This data also tells us to set a stop loss @ 30.25 to protect against excessive loss in case the stock begins to move against the trade. 30.34 is the first level of support below 35.65 , and by rule, any test of support is a buy signal. In this case, support 30.34 is being tested, a buy signal would exist.
- Short GDXJ slightly under 35.98, target 30.34, stop loss @ 36.08 Details
The technical summary data is suggesting a short of GDXJ as it gets near 35.98 with a downside target of 30.34. We should have a stop loss in place at 36.08though. 35.98 is the first level of resistance above 35.65, and by rule, any test of resistance is a short signal. In this case, if resistance 35.98 is being tested, a short signal would exist.
Swing Trading Plans for GDXJ
- Buy GDXJ slightly over 35.98, target 36.83, Stop Loss @ 35.88 Details
If 35.98 begins to break higher, the technical summary data tells us to buy GDXJ just slightly over 35.98, with an upside target of 36.83. The data also tells us to set a stop loss @ 35.88 in case the stock turns against the trade. 35.98 is the first level of resistance above 35.65, and by rule, any break above resistance is a buy signal. In this case, 35.98, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GDXJ slightly near 35.98, target 35.06, Stop Loss @ 36.08. Details
The technical summary data is suggesting a short of GDXJ if it tests 35.98 with a downside target of 35.06. We should have a stop loss in place at 36.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 35.98, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for GDXJ
- Buy GDXJ slightly over 35.74, target 35.98, Stop Loss @ 35.66 Details
If 35.74 begins to break higher, the technical summary data tells us to buy GDXJ just slightly over 35.74, with an upside target of 35.98. The data also tells us to set a stop loss @ 35.66 in case the stock turns against the trade. 35.74 is the first level of resistance above 35.65, and by rule, any break above resistance is a buy signal. In this case, 35.74, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GDXJ slightly near 35.74, target 35.06, Stop Loss @ 35.82. Details
The technical summary data is suggesting a short of GDXJ if it tests 35.74 with a downside target of 35.06. We should have a stop loss in place at 35.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 35.74, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Vaneck Junior Gold Miners Etf (GDXJ) available here: GDXJ.
GDXJ Ratings for December 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
24.92 |
| P2 |
35.74 |
35.06 |
30.34 |
| P3 |
36.83 |
36.83 |
35.98 |
AI Generated Signals for GDXJ
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Vaneck Junior Gold Miners Etf (NASDAQ: GDXJ) data table below can help you with price action, and we have more details too. Trading plans for GDXJ are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GDXJ:
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