GDXJ is closing on a 23.93 downside target first broached here a week ago when shares were trading nearly $2 higher. This Hidden Pivot support shows promise for bottom-fishing, and so we’ll attempt it by buying four August 24.63 calls if and when the stock gets within 8 cents of the target. You should use a 15-cent stop-loss on the calls, since a fall to as low as 22.68 would be augured by a decisive breach of 23.93.  One more note:  I’ve set some chart alerts to avoid missing the trade if GDXJ should turn higher without having reached 23.93. _____ UPDATE (2:35 p.m. EDT):  This vehicle has bounced wildly from within 22 cents of the 23.93 Hidden Pivot.  Although that’s not close enough to consider the target fulfilled, it will suffice to pique our interest in getting long. No opportunities to do so via camouflage have been signaled thus far, even on the one-minute chart, so we’ll need to wait patiently for a chance. _______ UPDATE (March 22, 10:52 a.m.): The stock has bottomed so far today at 23.91, two cents from my target, so I’ll assume 400 shares bought for 23.93.  Use a 23.79 stop-loss for now.  Also, if anyone bought calls at the low — the August 24.63s didn’t trade — please let me know so that I can provide guidance on the options side as well. _______ FURTHER UPDATE (12:31 p.m. EDT): Sell 200 shares here, around 24.07, leaving 200 tied to 23.79 stop. I am suggesting this because a breach of this morning’s low at 23.91 would put a 22.73 target in play. The stock, meanwhile, is not getting much of a bounce off a gap-down opening, and this is reason for concern.