If you look at the over sold levels, along with the price moving against the ichi signal you will see the stock is poised for some gains. I don't think this will be long lived, gold will force this lower again before taking off for long distant bullish nature.
Check the notes on the chart, and if you decide to take a long position make your stop loss at recent swing low with target price $10 and above. if you need a real time on this security try us www.2waytrading.com
Update 10.1 - JNUG did not bounce and moved below previous support which is now showing up resistance.
JNUG is on watch for a bounce to it's Resistance line of 16.75. If it bounces off of support at 12.72 which we saw it do on Friday and Stochastics start to turn up then could be worth picking up some shares for a day trade or 2 day swing play. If bounce occurs...
U don't need detailed explanation why we love it. First, we noted in July 10th that Bearish Belt Hold being a scary bearish pattern with target price at $22, it indeed hit that target price, now this engulfing bullish pattern with 3-ema being approached and possible break above descending trend line plus the index 3x violent moves could give u a reasonable target...
JNUG has been in an ascending price channel since near the beginning of June. As of 7-23-14 12CST, it is nearing the bottom of that channel.
Currently indicators such as EIS, PSO, BB Impulse, MACD (see indicators underneath price chart) indicate downward price momentum. However, there are some indications that some of the indicators could reverse.
Should the...
