TradingView
AcornWealthCorp
11. Jul. 2017 06:27

NUGT - Falling wedge formation Long from current price to $57.37 Long

Direxion Daily Gold Miners Index Bull 2XSharesArca

Beschreibung

NUGT seems forming a falling wedge & at this moment reversing from the bottom of the Wedge formation. Ideal scenario would waiting for a break out of the wedge however we would consider a speculative long here at this area. Possible options play and am looking at $30 September Calls on NUGT 3.55 , $40 December calls $3.60

* Trade Criteria *
Date First Found- July 10, 2017
Pattern/Why- Falling Wedge formation
Entry Target Criteria- from current price ($28)
Exit Target Criteria- $57.37
Stop Loss Criteria- $23.23

Please check back for Trade updates. (Note: Trade update is little delayed here.)
Kommentare
cdfernan
What do you think? Buy Time?
Sheff
Thanks for the excellent chart. I think I will try some December 40's.
Mehr