NUGT trade ideas
NUGT at a Crucial Point on the charts NUGT is completing the handle of the cup in orange. Also we have a head and shoulders that favors the bears. Still a good chance that the hanlde of the bigger cup which happens to be a inverted head and shoulders plays out to the upside. I have been bullish on NUGT and will remain until we break down.
JNUG and NUGT Long Hello Everyone. I actually have been working on this chart for awhile and seemingly just realized I forgot to post it. Has been following my prediction so far.
Little rough but i believe a rise in interest rates is coming which will push the demand for gold -0.80% up. Continued weak dollar will also push the demand higher. A breakout is approaching and long term trends along with an inevitable golden cross will show this (only have free version so can only post so many indicators at a time). MACD and BB are also agreeing.
Big fan of opposing/supporting views along with comments and feedback. Have a lovely day and happy trading!
NUGT Long idea!If you have cash, and have been sitting on the sidelines, here's a low risk opportunity. I know its hard to chart NUGT (3x) its better to track GDX. BUT, the trend line looks to be support. GDX is having a stop run below a double bottom. Im buying NUGT today watching intently for buyers to come into the market and wisk this 3x higher at the close.
NUGT - Head and ShouldersLooks like over the past few months $NUGT has formed a head and shoulders pattern with a clear break below the neckline. Maybe time to look into $DUST
$NUGT W,D uptrendWeekly, Poised to break out
Daily, track rsi for a potential Bearish Divergence , else more room for up
