Loading ...JNUG & DUST
Looking for a short term bounce trade. Need a bar or two to show support actually exists here and want to see MACD curl to confirm. Long term I still think it’s toast and I’m ready to switch to JDST when that presents a better entry.
http://schrts.co/VCKoHn
Here’s an update on where I think DUST may be.
http://schrts.co/PLnVRE
Yes, I would wait for confirmation…All indicators are very bullish DUST. Maybe a back test of $28 before trekking higher?
Nibbled at some JNUG at 7.60
Looking for a bearish backtest bounce on GDXJ.
http://schrts.co/TUnMMp
Remember, during an impulse move forget about the ST indicators and follow the moving averages…15 min DUST with distinct BULL flag in the making. Consolidating right over $28.
I am in DUST with a tight stop…expecting bullish move.
I agree with the impulsive nature of the move but a corrective move makes too much sense for me here not to play it. Current levels have been extremely supportive over the past month except for the period over prior 2 weeks when prices traded much higher. I put my thoughts on this chart:
http://schrts.co/6xNCme
Isn’t it crazy how the sentiment here changed on a dime? We had calls among some two days ago (at the top) for a “sizeable rally” to begin from there and how everything was only bullish and how we should ignore backtests to broken support etc….interesting psychology in the markets 😉
http://charts.dacharts.net/2015-08-25/d1715.png
seems a little far fetched that this could happen .. but who knows in this market…. maybe the reverse head and shoulder forms further up.. much further up.. but its all just speculation.. sure seems gold would need to tank a lot to get up there.
the sentiment makes perfect sense, gold is up 50$ off the lows and the shares have been smashed to pennies within the lows. If they dont go up when gold does when do they pray tell? But then all the gaps look like they are filled now in the miners. Were these gaps done for this purpose, sure seems to have killed sentiment once again.
I know I’m in the vast minority here but I will be long this chart all day….this is exactly how I make money 7 out of 10 times on a swing trade. No, it doesn’t always work but I try to put the odds in my favor. Two days ago I loaded the boat shorting the backtest and today I took a position (didn’t load the boat because it’s a counter trend corrective play)and I’m buying support, divergence and high volume supply zones. I try to play the odds and not chase momentum (which I know works for quite a few people). The beauty is that I can keep stops very tight because I will know right away if I’m wrong.
http://schrts.co/KQVElq
its a much more bearish looking when the tl is off the exact lows showing a bearish backtest, but funnily enough thats where I prefer to buy after a failure. lol
http://schrts.co/ctTTdq