ABX off to the races

A nice pattern of gold stock ABX, the longer term chart shows a breaking of a downtrend, while the longer term chart also still shows a down trend based on the ADX, it shows a bullish trend on the daily six month chart.

As a position is held longer, you must go to longer term signals, this one is close to being no longer held based on a daily chart but on a 3 year weekly chart. While on the longer chart the stochastic is already overbought that can last for months. Gold stocks are volatile enough that you must start looking at overbought RSI or breaking away from upper bollinger bands to denote profit taking. And both of those are a long way from occurring