I will not sell JNUG positions until top BB is pierced on GDXJ. The top BB is increasing in slop and bottom BB is curling up as well. There is some resistance overhead with MAs, but can easily be broken and then no resistance beside previous consolidation levels and tops.
Invalidate with consecutive daily closes below SMA 9.
TP is pierce of top BB, currently at 39.94 and increasing daily, so 40+ is target.
Today's gap up cleared previous congestion area which is a historic Support/Resistance are on multiple occasions. The next such area is 40-43.
Once the top BB is pierced, some profit should be taken and reloaded on a piercing of the lower BB.
Invalidate with consecutive daily closes below SMA 9.
TP is pierce of top BB, currently at 39.94 and increasing daily, so 40+ is target.
Today's gap up cleared previous congestion area which is a historic Support/Resistance are on multiple occasions. The next such area is 40-43.
Once the top BB is pierced, some profit should be taken and reloaded on a piercing of the lower BB.
