Long JNUG! Only with conditions met
JNUG is ready for a strong rally.
Trade red circle where horizontal support and channel support meet is the holy grail for this trade to be successful.
I suspect it may drop down and hit the lower channel support and bounce back
Also, it may hit the lower support in RSI and bounce up.
After the bounce up, BUY! if it breaches the support and breaks out, Do NOT buy.
*If either RSI or price channel is broken, we do not execute a trade.
Trade red circle where horizontal support and channel support meet is the holy grail for this trade to be successful.
I suspect it may drop down and hit the lower channel support and bounce back
Also, it may hit the lower support in RSI and bounce up.
After the bounce up, BUY! if it breaches the support and breaks out, Do NOT buy.
*If either RSI or price channel is broken, we do not execute a trade.