Direxion Daily Junior Gold Miners Index Bull 2X SharesArca
Description
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Hi, JNUG in speculative accumulation area. The contraction that started in August is close to be finished, the accumulation area is showed in Green color. Price touched the area and was rejected, seems it is creating a resistance in $53, this could be this end of contraction wave. Confirmation is above $60
- Target 1 is at $103, this represents +90% of opportunity - Stop bellow $44.5 - 3.7x Risk/Reward ratio