$GDXJ looking pormising (3/5)

Conviction: 3/5
May have a better entry point after more breakout from short-term channel (Aug 2020)

Main Thesis

• Bouncing off MT support (2015)
  
• Breakout and retest from previous downward resistance (2016) (Blue)
  

Risks

• RSI-W may breakdown to more attractive levels
  
• OR there may be another leg down for a bullish divergence
  

Comment:

Breakout! Buy on retest.

Updated conviction (5/5)