NUGT and DUST 15 Update…
First NUGT…
Positive divergences with support found again at the 1/2 gap and trend line…
Question is whether the current formation is another BEAR flag or the first BULL flag to propel NUGT higher?
I lean toward the latter…
DUST…
Negative divergences and resistance found a second time…
Lower trend line met with a potential BEAR flag formation…
DUST did not have enough momentum to even challenge the gaps directly above–WEAK…
Channel leans toward resolving BEARISH…
RIC–More BULLISH Evidence…
Solid bounce off trend line…
🙂 🙂
meep meep
Thanks ES!
Thanks EagleSeagle. Your technical insights are much appreciated!
Well, bear flag on 15…looks like NUGT had to get that entire gap fill…