RE:Bullish Technical Signalgeezer21 wrote: VanEks Vector Junior Gold Miners ETF 50 day moving average crossed above the 200 day moving average with a bullish topping doji candle.
https://stockcharts.com/h-sc/ui?s=GDXJ
Thanks for pointing out the latest golden cross. We will see if this time it results in a significant run or is yet another false alarm. In the context of the last 5 years the GDXJ has had 5 golden crosses. There was a single cross in 2019 and again in 2020, and each led to solid returns. After the cross in 22 the stock peaked shortly thereafter and then swiftly reversed, while the cross in 23 just resulted in a lot sideways chop. Importantly most crosses happen in Q1, so 24 is sticking to that pattern.Let's see if we finally get a solid move this year!