ABX, daily
ABX, monthly
Summary
Today saw the third consecutive daily close under the 50dma. That sure isn't a good sign, but then ABX - along with all of the other miners, had a powerful run from the Dec'2016 low to mid February. A retrace/cooling cycle was due.. and we've likely seen the bulk (if not all) of the move.
Things remain bullish unless rising trend - linking the Dec'2015 and Dec'2016 lows, is broken. Further, there would only be 'full bearish clarity' if the Dec'2016 of $13.78 is taken out, and that looks extremely unlikely.
Best guess: the miners are close/at a short term floor, with the mid term bullish trend set to re-assert itself into the late spring/early summer.
Things turn hyper-bullish if the July 2016 high of $23.38 is taken out.
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For those with a serious interest in the precious metals and related mining stocks...
see: http://permabeardoomster.blogspot.com/p/research-reports.html
