The NUGT/GDX long trade has hit the bottom of the first target zone for about a 16% gain in about 2-hours of trading session time. Consider booking partial or full profits and/or raising your stops, according to your trading plan. While a reaction here is likely, I favor a continued move to at least the top of the T1 zone (14.00) in the coming hours/days).
GDX 60-minute 2 Nov 19th
I have also mocked up some charts of NUGT with some near-term targets on this 60-minute chart and some longer-term swing targets, along with a different perspective on the recent bullish technical developments in the miners, on this daily chart.
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- NUGT 60 minute Nov 19th
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- NUGT daily Nov 19th
