NUGT has been consolidating for the past several days but throughout this phase no technical damage done. As long as gold doesn't fall off a cliff this coming week, I will be looking to add another 25 shares to my current positions in NUGT and JNUG. Long these at 31.11 and 18.70, respectively.
Not a recommendation to buy or sell anything. Please consult with a qualified financial adviser before making any investment decisions. I just thought I ought to put up a real trade since I'm spending so much time here these days. Based on the fact that the 9EMA has crossed up through the 20MA and per my own trading method, I went long NUGT and JNUG on Friday,...
Watching NUGT close. Downward wedge pattern has good potential but still cautions with the history of downward bias due to gold price.
Be aware of overhead resistance from TL and fib areas. GLTU!