JNUG trade ideas
Bought Perfect Bottom = TCB in a Flash! ~ Elvis Presley Style!Gold Miners Perfect Bottom - TCB in a Flash! ~ Elvis Presley Style!
JNUG's 34 Day bounces off 500 Hull Moving Average! Perfecto!JNUG's 34 Day bounces off 500 Hull Moving Average! Perfecto!
Maybe 2 targets for JnugI think the 1st price target is good. The 2nd target is questionable. Stop loss down under $7.
JNUG - Smartmoney positioningI never do charting in the 3x ETF ...
The only thing I'm watching is the volume .
Volume often showing when smartmoney is positioning for a miners rally.
Yesterday's volume is extreme.
I think some of the big banks was buying yesterady 's miners breakdown and they did it in the 3x ETF JNUG.
I want to buy with them.
JNUG PAIN COMINGBearish Head And Shoulders Pattern on JNUG.
JUNIOR GOLD MINERS
TP 4.83
JNUG AMEX:JDST
AMEX:GDXJ
JNUG 20%+ profit oportunity Gold fundamentalsThere is a new oportunity in the JNUG to make some gold ;) every time de Stochastic RSI makes a possitive cross JNUG prints some great profits, and in this case the Gold is backing up this movent because in managed to hold the 1265 level and made a quick bounce over a long term resistance at about 1280.
I think we´re going to test the upper part of the triangle in wich JNUG has been trading.
Target 9.50
JNUG stochastic oversoldHopefully history repeats itself.
NUGT and JNUG in stochastic "oversold". The last few times the long stochastic red line was in oversold territory (< 20.0) there was a day or two in the same area, then price moves back up. The last time this didn't work was in summer of last year, so usual 10% stop loss applies here. Don't want to catch a falling knife.
I'm hoping the same thing happens here. Opened a small position in JNUG trying to catch a bounce.
In @ 7.82.
Respect the wedge $JNUGLong on $JNUG for the 5th contact point and breakout above 10$
I don't anticipate this thing riding along the bottom line, so a mental stop has been set at $8.50 but this think likes to make some pretty big intra day percentage swings, so a daily or 4hr candle close below would be more convincing of break in trend.
PT 1 - $10
PT 2 - $11.55
PT 3 - $13.15
Long JNUG - Head and shoulders patternGold and JNUG head and shoulders nearing the end of the formation. Downside appears limited around 8.20 but buying at 8.55 expecting a break out. Gold making me a bit nervous as it has confirmation of broken uptrend. Gold still appears to be forming larger cup and handle pattern.
Jnug finishing up head and shoulder- looking for a bounce play Open position at $8.35
Stop loss at $8
Take profit at $9.8
If you want to test my strategy out,
try to paper trade this, get the mobile paper trading app call webull, see link below.( it's like robinhood with free trading but they have paper trading feature on the app.)
copy and paste this in address link for free stock and paper trading. act.webull.com/i/7e5Q6QYdcXz1
Why this play?
Spy is running ath, so i usually like to use this as a hedge, plus the daily rsi is super low, it's gotta reset.
More about our plays
Everything I charted out is something that I am personally betting my money on along with my clients and our group.
if you choose to play it out and it work's out for you.
Im glad that we both make money =), if it doesn't work out, I am sorry. These play's are always to minimize loss while maintaining a higher reward.
I personally play these on common stocks but you can find an option play for them too.
Just make sure to buy 2 week out expiration, not too close to the money so you don't get kill by theta and delta.
if the stock is at $50, do like 5% out ($47.50)
