JNUG trade ideas
JNUG longWith Fed reserve saying "no more rate hikes this year", and wages increasing, unemployment dropping, what does this lead to? Inflation.
Going long JNUG here (small caps seem to be performing better as of late over large caps). Also note the MACD crossover over the 0-line, and fast line moving over the slow line.
Let's see what happens over the next week or two.
Inverse Head and shoulder setting up. - Fast play market panic fear, gold up.
market fearless, gold down.
+Dollar
Looking to see some movement in the morning to drive these reactions.
Quick scalp
Long 2000 shares @ $10.83
Stop $10.76
Take Profit $11.20
bearish shark watchPRZ lines up with resistance and long term TLs... I don't expect it to just blast straight through this area so expect some kind of reversal either at the .886 or 1.13. Latter is more bullish. Either way I'm closing my longs here and initiating short positions soon.
Quick swing trade, long term I'm bullish gold and miners...
JNUGbeen watching this chart for months eyeing this upsloping IHS. bullish volume pushes and if we do get a sustained pullback on these indices it should be a nice runner.
Gold Bullish - LongI think acceding triangle is forming on $JNUG, maybreak out in few days. Also on weekly bar, it looks positive maybe much higher in few months.
Possible Reversal from TrendlineMay retrace to Mid-High $5's. Possible end to 4th Wave in Corrective Structure of B Wave of A-B-C Pattern starting from Dec. 2015 Low. The move down to the $5's would complete the 5th Wave of the B Pattern, setting up a massive rebound C wave.
JNUG and a final breakout to bring it back to an equilibriumAMEX:JNUG Expecting a bit more pullback following the recent jump, followed by a final jump to bring it back towards the range that we saw in 2018.
JNUG Inverse Head and Shoulders break plus bullish MACDHere comes the moneyyyyy...... Or the gold to be more specific. Gold is going to have a great year, today the FED is confirming a more cautious approach to rate hikes and that means a weaker dollar and a stronger gold. Junior Miners are about to catch up and the JNUG is confirming a break out of an Inverse H&S pattern plus a bullish MACD cross on the daily chart. Start buying with a target of $14 + and pout your stop loss just behind the neck line.
This information is only for educational purposes. Happy trading.
$JNUG move comingInteresting setup here, at an inflection point for JNUG. My first thought is long out of this flag to test downtrend line again, with macd flipped I am not totally convinced. I may look to pick up some calls if this can break with strength. EMA crossovers are setting up bullishly on the monthly timeframe.
if money printing machine is on...gold is under valuedJNUG holding well on previous resistance around 10.20 dollars. SL 9.9 TP around 14. If 14.5 is broken through a expect consolidation around 14-15 area, and further upside movement.
Time to Jump inThis monthly shows that it is a good time to buy this asset. If the markets continue volatility, this mining ETF will gain traction.
JNUG - Moving Average Breaks Offer Bullish PossibilitiesJNUG - I'm viewing candlesticks as a line based on closing prices. Today, the price closed at the 8ma resistance.
If it breaks over tomorrow, a good entry might be if it breaks above the 20ma around 7.00 with target one
around the 50ma at 7.68 and target 2 around the 100ma at 8.70. Currently the RSI and MacD are bullish,
prepped for this move if volume can sustain it.
