HUI has fallen from the top of the trend channel to its bottom. On this support level it has rebounded and could now be on the way to the opposite side of the trend channel.
For short term investors this offers good buy opportunities.
From bottom to top: + 21%
Have in mind that there is the long term trend line (descending) and the index has to break through the resistance.
Stop: when the index is leaving the trend channel to the bottom!
For short term investors this offers good buy opportunities.
From bottom to top: + 21%
Have in mind that there is the long term trend line (descending) and the index has to break through the resistance.
Stop: when the index is leaving the trend channel to the bottom!