NUGT WAVE 3 OR WAVE 1???we are either in wave 3 or wave 1,the correction waves are a bit unclear. trend is up though
NUGT trade ideas
Soft landing for miners?The selling of miner ETFs seem to be slowing as Gold continues downward. It's a basic idea that selling should stop somewhat shortly and price should reverse to the next area of resistance. The gap area and 50 SMA would be obvious (to me). After that upward target area, the chart would need to be reworked. Price dropping far below buy box would break this idea. Last week I thought miners would go much lower, but this week had light selling. You have to tweek your ideas as new chart information arrives.
NUGT in for a new correction/upwards wave? looks like NUGT is making itself ready for bottom forming
NUGT potential reversalThe RSI is exactly at 30%, which is a strong indicator of a reversal for the following stock. The BAT pattern could also indicate a potential reversal. The stock will probably form a double bottom in the 26-27 area. Also, Gold is having a strong bullish candle right now, which doesn't happen a lot when the US markets are closed. If you have any comments please feel free. I will probably wait for a bullish confirmation and buy right afterwards.
Nugt gold cycle.My count give me no more than 5 days before reversal. Somehting between 8.20/8.60 would be an excellent entry point. I think that by Thurdays/Friday this should start waling north again.
Channel TradeRisk to reward potentially worth it. Major Miners found support today from the open with a potential for the continuation of the channel. Looking to the prior low to be held, with a stop placed at 9.49 and exit target of 11.89. Gold has had a large push since the last FOMC with looming negative economic release for GDP on 4/27 Gold could continue to move upward into the next FOMC meeting 5/3
NUGTGeopolitical uncertainty tends to give way to the value of gold increasing substantially. Be ready for major swings in NUGT and play the volatility. I am in @ 10.88, will be decreasing my position @ 11.00 and be fully out up 11.50.
NUGT - Strong Gold, aggressive Long from current price to $11.57NUGT 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.)
Miners going upNugt made an engulfed bullish candle that was greater than the previous day. I feel were now moving up for a final wave of an ABC correction. Dust and Jdst (bear shares) haven't been able to stay above the 10 ema for a several weeks (bearish trend). The dia and spy had a very bearish candle trying to go up in price today.
Stop at 9.20.
Bounce after a dip??Overall I'm not bullish on gold and the miners have been losing power on any spot gold advances. Still, miner could find a bounce area then have a limited advance next week. Keep a tight stop.
If a dip doesn't happen or the price goes lower than the stop this idea is broken.
Price target is a general area.
So Bears Won Out of Triangle Follow up on break out of Triangle pattern, it was as you can see a BEAR break. That is main reason why you let PRICE ACTION telegraph what it is going to do before putting any money down on a new TRADE. You always, need to have a plan and go with what is going on in front of your eyes. You can not change big money, so just jump on the train with them. Gold might be going down today related to DOWI going up today. Good luck in trading and always protect your profit and cut your losses.
Is Gold Going 2 Continue 2 Go UP?If you think that GOLD is going to go long out of this noted NUGT stock triangle, this set up is for tomorrow for a BULL run here. Lets say that stock went up 0.20 on 2,500 shares (yes, that is under $25,000 capital for this trade) at current PA of $9.79 & you get out at $9.90 per share. Keep your stop losses close to entry PA & move stop loss up to break even ASAP, after you are IN THE MONEY.
Yes, that would get you around $ 500 profit. Both indicators VWAP and Ichimoku cloud shows a positive for more upwards direction. You can calculate how much profit you would make on same situation, if you bought 1,000 shares instead of 2,500--- all stock trades you should have a plan.
Do your own analysis and remember money management and your capital you have to trade with.
NUGT seems to have bottomed january 2016NUGT seems to have bottomed january 2016 and is starting a move up
Let's make some gold! $NUGTOk we have one inv head and shoulder that has fired and completed. Now we have definite possibility that another will fire
Gold Miners/Gold: Divergence in Gold and Gold Miners IntradayThere's a divergence in both assets today. I just closed my gold short. I am buying the gold miners with aggressive trade management.
