GDX
Trend Line Break, echnical breakout in the chart of
GDX
, which is an ETF that tracks the performance of companies involved in the gold mining industry. A "Down Trend Line Break" to the upside is typically seen as a bullish signal in technical analysis. It indicates that the security in question, in this case
GDX
, has broken through a declining trend line, suggesting a potential reversal or change in the prevailing downtrend.