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JMADArc

JNUG, in accumulation Area.

Panjang
Direxion Daily Junior Gold Miners Index Bull 2X Shares (AMEX:JNUG)  
JMADArc  
AMEX:JNUG   Direxion Daily Junior Gold Miners Index Bull 2X Shares
Elliott Wave Gold goldminers
7
1
elliottwaves gold goldminers
Hi,
JNUG in speculative accumulation area. The contraction that started in August is close to be finished, the accumulation area is showed in Green color.
Price touched the area and was rejected, seems it is creating a resistance in $53, this could be this end of contraction wave.
Confirmation is above $60

- Target 1 is at $103, this represents +90% of opportunity
- Stop bellow $44.5
- 3.7x Risk/Reward ratio


Penafian

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