GDXJ has a H&S pattern set up with a rejection off the neckline.
Looking at the cloud indicator, all systems go for GDXJ once it tests the old resistance, now support area IMHO. Should get bought up quick. Gonna keep an eye on JNUG once it tests the 50 MA.
I like the set up for JNUG around 19.25ish. The MA's are very bullish and the Ichimoku Cloud set up is bullish. Watching the price action at the blue 50 MA this week.
Looking at the cloud indicator, all systems go for GDXJ once it tests the old resistance, now support area IMHO. Should get bought up quick. Gonna keep an eye on JNUG once it tests the 50 MA.
I like the set up for JNUG around 19.25ish. The MA's are very bullish and the Ichimoku Cloud set up is bullish. Watching the price action at the blue 50 MA this week.
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