NUGT successful Pennant break out.
Pennants appear at about the halfway point of moves. To be conservative, I'm using $26 dollars as the break out from the down trend and then the previous peak high of 40.17 as the end of the move. This gives a move of $14 which is then added to $40. The measured move then becomes $54 which is the next target price.
I don't expect this to be anything at all like a straight line move as the gold ETF's have proven to be extremely volatile but when this reaches $54, if in fact it actually does, I expect another consolidation period perhaps in the form of a pennant or bull flag.
BTW, the charts of
XAU, 
HUI, and GDX all look the same and all broke out today.
GL
I don't expect this to be anything at all like a straight line move as the gold ETF's have proven to be extremely volatile but when this reaches $54, if in fact it actually does, I expect another consolidation period perhaps in the form of a pennant or bull flag.
BTW, the charts of
XAU, HUI, and GDX all look the same and all broke out today.GL
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.