be careful one down day of -10% shouldn't instil too much confidence. If markets and gold open red on monday gdx/nugt will drop more. infact only sure way for it to rise is if markets and gold are green
Looks like a trade....I am cautious here as 10ema has contained the upside of NUGT for 4 weeks now. That gives a potential ceiling of 5.92 or lower when taking into consideration the angle of the slope. Also the bottom of the bb is now at 3.13 so 3.80 or lower is very possible after a little bounce. Weekly still very weakly. (lol) What think ye folks?
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