JNUG – Looking to Breakout of Wedge
Long consolidation ready for breakout. Caution with gaps above and below.
World events and tell me this goes higher.
Next Daily trend is . Weekly trend already and turned up.
Weekly trend is our guide for stop.
Price target $100
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on https://www.moneypatterns.com
Use RSI below 30 on Daily view as indicator of entry. Otherwise that $50ish gap is money long term
Just beware of the 1HR gaps on chart. I see one around $75 which is back in pattern.
Overall we are really close to end of pattern. Also, closing of the $75 gap would invalidate the current EMA bullish cross.
Whole market very iffy right now. Everything could flip back. Set stops and you will be good. :)