MoneyPatterns

JNUG – Looking to Breakout of Wedge

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AMEX:JNUG   Direxion Daily Junior Gold Miners Index Bull 2X Shares
Chart Details
Long consolidation wedge ready for breakout. Caution with gaps above and below.
World events and monetary policy tell me this goes higher.
Next Daily trend is Bullish. Weekly trend already Bullish and turned up.
Weekly RSI trend is our guide for stop.
Price target $100
Stop $74

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