After MUX 6.10% gaped this morning to $3.81 with a pull back that sustained a gain from yesterday's close we may see the same thing happen again towards the day's end or even another gap up tomorrow morning. MUX 6.10% hold a positive trend through the trading day (open to 1:11pm).
remember with candidates take 5 precent of risk capital always use stop losses see what smart money does in our bo also pay attention to fib points 40 years of trading experience
maca and stoc strong
cmf is above
cci and presenta r above strong group
weekly above colad
breaking out of narrow base see our chart patterns in our book same name on amazon
percent r and cci good
money flow strong
above weekly cloud
daily cloud rising
Junior gold miners have been beaten down. Weather it's enough or a complete washout is still looming... time will tell.
Mux has though made the 127.2 extension of the recently high and low, so a snapback rally could be eminent.
It's not a low for going long and stay... but a 1 og 2 day stay. A bottom here is not confirmed. A lower target for a washout bottom...
A quick chart for a junior gold miner.
Underneath the chart I will zoom in on smaller time frames.
Making a 5th wave on positive divergens.
Very short/ term: I'm neutral
Short: I see a possible bottom
Intermediate term: Starting to get bullish
Safe trading ladies and gents!
@BLawrenceM
