We finally have the green light to get back into NUGT. After nine red weekly candles in a row the buyers are finally back into the stock on extremely high volume. In fact, if you look at the chart (above) you will see that the volume we had this week is the highest we have had in 3 years. Our target area is set at the 50% Fibonacci retracement level and I’ve outlined this for you in the video as well.
Equity Oracle: 11/08/14
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