Zen hunts $NUGT for nugget

I still think the bullish engulfment bar we’ve seen on May 20 is the tell-tale sign of a bottom.  Statistically speaking, if the bullish engulfment has not been debunked by price action making new low after a week, the probability of a bottom is increasing.

Take a look at the chart below:

NUGT_daily2

I like to see price action taking out $10 resistance soon to begin the rally back up.

I bought starter positions with stop below yesterday low.

My 2 cents.



Categories: NUGT

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