Jordan Roy-Byrne CMT, MFTA ⛏⛏
@TheDailyGold
Finding high quality Gold & Silver stocks w/ 5 to 10-bagger potential
Master of Financial Technical Analysis
16 Years Married to my best friend, the best wife.
489 Following 33.4K Followers
GDX advance/decline line is showing a positive divergence. It made a higher low in recent weeks as GDX made a lower low.
The A/D line is a cumulative total of advancing stocks minus declining stocks each day. It measures participation.
When a market/sector makes a lower low but the A/D line holds above its prior low, it’s a bullish divergence. It suggests the decline is narrowing and underlying breadth is improving, which is potential bottoming signal.
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