NUGT selling off Today, already at a 50% fib number. I suspect this could be the bottom. BUT, if we get a drop to the gap fill I'll be a buyer. $127.22 I believe is the fill. I'll put a limit in for $128. Good chance to make 30%. I suspect we have a few more days of sideways to lower trading, so it could fill. Need a few days to totally reset the RSI.
Comment:
GOLD, keeps touching that lower trend line (blue dotted line) refresh. 50% Fibo number. As long as we don't get a real break, this has to be bullish. DCL is due any day, so this could be right timing wise. I bought NUGT this morning. Already Green.........
Trade active:
With the recent pullback we can now measure the trade using AB=CD. NUGT has a target price of $210