As The Fly used to say, “going for the $100 roll…”
Well, that is what I like to say for $NUGT as well. After the 1 for 10 reverse split, price action continues to look bullish.
Instead of reading $9.78 on the price chart, now I’m reading $97.84. Whoa! It is going for $100!
I guess there is a nice sound to it. So, I’ll have the ETF master to thank for the reverse split.
Heeeeerrrrrrreeeeeeee comes $1 0 0!
Ok, kidding asides, take a look at the daily chart below:
Today green bar is a good sign after two days of correction. Next resistance is high of two days ago at $103.90. I say price can take that out before the week is over. Next target after that is $124.20.
Below is the 5m chart:
Isn’t it a beauty to see a persistent intra-day bullish trend?
Coming into the morning, I only had a small starter position, after seeing price action took off to the upside after open, I bought back in full-size looking for the $100 roll…
Good luck if you are already in $NUGT.
My 2 cents.
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