Vaneck Vectors Junior Gold Min GDXJ Investment Advice

Source: Stock Traders Daily

Longer Term Trading Plans for GDXJ
  • Buy GDXJ over 43.28 target 47.04 stop loss @ 43.16 Details
  • The technical summary data tells us to buy GDXJ near 43.28 with an upside target of 47.04. This data also tells us to set a stop loss @ 43.16 to protect against excessive loss in case the stock begins to move against the trade. 43.28 is the first level of support below 44.5 , and by rule, any test of support is a buy signal. In this case, support 43.28 would be being tested, so a buy signal would exist.

  • Short GDXJ under 47.04, target 43.28, stop loss @ 47.18 Details
  • The technical summary data is suggesting a short of GDXJ as it gets near 47.04 with a downside target of 43.28. We should have a stop loss in place at 47.18though. 47.04 is the first level of resistance above 44.5, and by rule, any test of resistance is a short signal. In this case, if resistance 47.04 is being tested, so a short signal would exist.

Swing Trading Plans for GDXJ
  • Buy GDXJ over 44.92, target 47.04, Stop Loss @ 44.79 Details
  • If 44.92 begins to break higher, the technical summary data tells us to buy GDXJ just over 44.92, with an upside target of 47.04. The data also tells us to set a stop loss @ 44.79 in case the stock turns against the trade. 44.92 is the first level of resistance above 44.5, and by rule, any break above resistance is a buy signal. In this case, 44.92, 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 near 44.92, target 43.28, Stop Loss @ 45.05. Details
  • The technical summary data is suggesting a short of GDXJ if it tests 44.92 with a downside target of 43.28. We should have a stop loss in place at 45.05 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, 44.92, 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 over 44.92, target 47.04, Stop Loss @ 44.82 Details
  • If 44.92 begins to break higher, the technical summary data tells us to buy GDXJ just over 44.92, with an upside target of 47.04. The data also tells us to set a stop loss @ 44.82 in case the stock turns against the trade. 44.92 is the first level of resistance above 44.5, and by rule, any break above resistance is a buy signal. In this case, 44.92, 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 near 44.92, target 43.89, Stop Loss @ 45.02. Details
  • The technical summary data is suggesting a short of GDXJ if it tests 44.92 with a downside target of 43.89. We should have a stop loss in place at 45.02 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, 44.92, 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.

GDXJ Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Weak
P1 0 0 43.28
P2 42.12 43.04 47.04
P3 43.89 44.92 50.96

GDXJ Long Term Analysis for July 22 2021


GDXJ Swing Trading Analysis for July 22 2021


GDXJ Day Trading Analysis for July 22 2021

The support and resistance levels for Vaneck Vectors Junior Gold Min (NASDAQ: GDXJ) define prudent trading and investing plans, which are revealed herein.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GDXJ change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GDXJ is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GDXJ too.  All of these are offered below the Summary Table.

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