NUGT - Falling wedge formation Long from current price to $57.37NUGT seems forming a falling wedge & at this moment reversing from the bottom of the Wedge formation. Ideal scenario would waiting for a break out of the wedge however we would consider a speculative long here at this area. Possible options play and am looking at $30 September Calls on NUGT 3.55 , $40 December calls $3.60
* Trade Criteria *
Date First Found- July 10, 2017
Pattern/Why- Falling Wedge formation
Entry Target Criteria- from current price ($28)
Exit Target Criteria- $57.37
Stop Loss Criteria- $23.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
