Breaks of downtrends tend to give AUMN a big ol' pump... how high can it go?
IMO, Golden Minerals, AUMN , has arguably one of the best and most bullish setups I have ever come across. It will be fun watching this one play out. Amazing risk/reward play with easy invalidation levels as well to protect yourself in this trade. The featured content is intended to be used for informational purposes only. Everything shared here is my own...
AUMN is in uptrend on 4h but it's in the middle of a bearish divergence. Looking at previous bearish divergence do you see any similarities? Selling the breakout seems a good idea.
NUGT selling off Today, already at a 50% fib number. I suspect this could be the bottom. BUT, if we get a drop to the gap fill I'll be a buyer. $127.22 I believe is the fill. I'll put a limit in for $128. Good chance to make 30%. I suspect we have a few more days of sideways to lower trading, so it could fill. Need a few days to totally reset the RSI.
Options are paying pretty good, Waiting for a stretch with stocks resuming sell. After that probably some consolidation + continuation for metals market, this stage would confirm a bull cycle.