So the MACD and RSI for GoldCorp shows that if it were to continue higher, its gonna have a trajectory that is unsustainable. I thought it would be right to take profit on that trade. Luckily, i moved to cash at $32.85.
The way it takes out the moving average convincingly seems to indicate gold stocks may resume their uptrend. Those guys that still believe in the gold story, or those that do not believe in it can then make their decision. Its a win-win for all.
Lets see the support at $27.50 holds. Next at $23.20.
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