Replies to post #43064 on Direxion Daily Gold Miners Bull 2X (NUGT)

[Citrati]

Welcome back.
You are right about not convincing. Price just dropped to 19.91 and now below the Pennant bottom horizontal.
March 19 high was 19.82 which NUGT just tagged. Hmm, buy for bounce or patience?
I am in patience mode today. We shall see. Price below everything on 5 minute now. Getting itchy finger.

Price just hit 19.72 the march 19th fall trigger. Now way, way oversold.
Oh, and gold now fiddling with 1306 again.

[trunkmonk]

good call. noticed earlier it looked like 1310 support could not hold, which dropped NUGT for a swing, but was in no place to do anything about it.