NUGT - Strong Gold, aggressive Long from current price to $11.57
Updated
NUGT has an aggressive Long set up as Gold showing strength & tethering its short-term double top resistance. In the hourly frame we can see half-decent downward channel & it appears to break above. So we would consider entry at current price.
* Trade Criteria *
Date first found- April 4, 2017
Pattern/Why- Downward channel & strength in Gold
Entry Target Criteria- From current price
Exit Target Criteria- $11.57 & higher
Stop Loss Criteria- $8.83
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date first found- April 4, 2017
Pattern/Why- Downward channel & strength in Gold
Entry Target Criteria- From current price
Exit Target Criteria- $11.57 & higher
Stop Loss Criteria- $8.83
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade active
April 5th- As discussed we consider an entry at the market opening ($9.42) price. It went up throughout the day & closed 4% higher from entry.Note
April 6th- gold futures are up over 1%, tomorrow should be interestedNote
April 11th- Wow! Gapped up & climbed further to register 8.9% gain today. Looking very good as long. Updating stop loss criteria to $9.83Note
April 13th - Went up & hit our target price today! 22.8% stock profit only in a week!
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