I’m mystified as to why this gold-miner vehicle has been playing toe-sies with my longstanding, 28.47 target for more than two weeks without actually touching it. In theory, if the stock were now to create a bullish impulse leg on the hourly chart without having touched 28.47, we would have something to be especially encouraged about. At the intuitive level, however, and for what it’s worth, I expect a breakdown and a further fall to at least the 27.27 target shown.