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AwesomeAvani

JNUG - Leveraged Junior Miner ETF Swing Long

Direxion Daily Junior Gold Miners Index Bull 2X Shares (AMEX:JNUG)  
AwesomeAvani  
AMEX:JNUG   Direxion Daily Junior Gold Miners Index Bull 2X Shares
Double Top or Bottom Head and Shoulders Technical Indicators Gold spotgold JNUG goldbugs NUGT AGQ
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doubletoporbottom headandshoulders indicator gold spotgold jnug goldbugs nugt agq
On the 4H chart, I show my analysis that JNUG is ready for an uptrend using the MACD / RSI for confirmation.

A head and shoulder pattern is followed by a downtrend which ends in a double bottom for a reversal.

I see the potential for a significant gain of the ETF and its call options over about six months.

See also my idea on XAUUSD / Spot Gold for a more elaborate analysis and discussion.

Globally, the 49ers are back again and I think it is time to enter this market.
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