NUGT Bullish Breakout of Rising trianglePattern: Rising Triangle textbook breakout of resistance
Edge: There is bullish divergence in the money flow and it is breaking above the zero line. The "squeeze" indicator is firing today (red dots turn to green), which shows an expansion in volitily and indicates that price may start to move more drastically. It is firing "long" as the histogram is above zero line. Also, gold and gold miners tend to be more bullish when there is fear in the market as gold is a historical safe haven.
Risk Management: Bought at $5.19, stop loss at $14.15, PT1 is just below recent resistance high at $17 ish, and PT1 is at the gap fill around $18.80.