Zen sees bullish Harami continuation pattern for golden $NUGT

Usually, a bullish Harami happens at the bottom of the trend to signify a bullish reversal.  In this case, a breakout of the Friday inside bar to the upside that takes out the previous high two trading days ago reflects a bullish continuation pattern.  Since it has taken out the inside bar from Friday, I will call the candlestick pattern “the bullish Harami continuation pattern”.   Don’t bother to google it; there is no such thing.  I just make it up.  Whatever works for me, eh? (grin).

Take a look at the daily chart below.  I believe gold minings and gold is heading up.

nugt_daily1

I like to see price action takes out the recent pivot high at $13.54 established in May 9th.

Yes, I bought back $NUGT and $ABX this morning.

My 2 cents.



Categories: ABX, Bullish Harami, NUGT

Tags: , , , ,

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