GDX study

GDX showed sign of trend reversal, as it broke downward trend line and formed a higher low. Still need a higher high to confirm. Form the chart we can see a possible symmetrical reversal price structure and thus if indeed a new uptrend is forming, it could potentially reach $31 price level (given the parallel price channels) and provide 29 percent gain from current level, in the next couple of months.

Wish trading and investing can be this easy :) Good Luck!