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elingford
Apr 13, 2020 2:27 AM

$NUGT long swing idea Long

Direxion Daily Gold Miners Index Bull 2XSharesArca

Description

After being severely beaten down from late February to mid-March; NUGT has formed a clean short term bottoming pattern and now appears ready to pop. I like it long over $10.40 with a $14.92 target. My suggested stop for this trade will be the low of the entry day.
Comments
tuongvy0501
Wonder if it can get to 15 in week or 2
elingford
@tuongvy0501, We just have to wait and see. No need to make predictions. If you took the trade just a matter of trailing a stop now to lock in profits or locking in partials along the way if you're able to.
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