AMEX:JNUG Bull flag in play here.
Long over $148
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Long all four names on pullback/retest just above consolidation breakout zone on continued earnings flow & dividend increases sector-wide. Initial stop below most recent swing low below the breakout zone. Hold long position through further price markup into monthly R2 pivot resistance line, at which point reduce exposure by 1/3 just below monthly R2 level and...
JNUG and MACD rising after every rejection off 161. Recently have had another retest of the resistance line, and have successfully broken, and maintained above the 38.2 Fibb Level. Should this hold, potential breakout in gold on the way. Alt is gold falling below the 38.2 Fibb level, and going to retest the support lows. Copyright Rohan Karunaratne.
Nice double bottom forming on gold mining stocks . Price target indicated by this bullish reversal pattern is a nice merger with the daily up-trend line and fib level indicated in chart.
Best option for profitable trade is to buy on decisive volume breach of pattern neckline with stop loss as indicated. For less risky entry point, wait for confirmation with...
An Inverse Head and Shoulders Pattern has developed on the Junior Gold Miners Bull Etfs JNUG. Pattern is predicting a new bullish price target of $110 correspinding with the MAY 20 TOP and the 1.272 fibonacci retracement level. Planing on adding to our bullish position after a breakout of this pattern's neckline. A tight stop loss just below the right...
