AMEX:JNUG   DIREXION DAILY JUNIOR GOLD MINERS INDEX BULL 3X SHARES
JNUG             has been in an ascending price channel since near the beginning of June. As of 7-23-14 12CST, it is nearing the bottom of that channel.

Currently indicators such as EIS             , PSO             , BB Impulse, MACD (see indicators underneath price chart) indicate downward price momentum. However, there are some indications that some of the indicators could reverse.

Should the Premier Stochastic Oscillator turn up accompanied with a bullish crossover in MACD then, given past history, we could see a move from the bottom of the price channel to the top (or slightly above) of it. This could represent something along the lines of a $10-$11 move on a stock that is well under $30 at present.
The volume has been increasing too!
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I have a different idea on JNUG that I believe will be much better than this one. Will try to post it sometime soon.
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