Relatively new to TA so would appreciate any constructive feedback/correction but go easy on me as I'm still learning.
Possible swing for JNUG in the near future.
-RSI oversold territory
-MACD divergence coming soon
-Below 50 and 200 MA
-Still in downward channel
-Gold is up-trending
Mainly positing to get feedback about the double bottoms. If anyone wants to...
Relatively new to TA analysis so would appreciate any feedback/correction/support but go easy on me as I'm still learning.
The title and chart are pretty self explanatory.
Things to Note (deprecating factors first):
-We broke the upwards trend line and saw a dramatic selloff
-Below 50 D SMA
-MACD divergence possibly coming soon
-RSI is in oversold...