TECHNICAL VIEW
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT) 60-min chart: *a bullish flag is confirmed, calling for an extension of the recent upward track
Regarding technical indicators:
*the 20-period and 50-period moving averages are heading up
*the RSI is bouncing off a strong support area
On a relative basis against the Direxion Daily Large Cap Bull 3X Shares (ARCA:SPXL) S&P 500:
*a bullish flag is confirmed and the 20-period and 50-period moving averages are turning up
LAST: $15.40
ENTRY: 15.40 [possible entry area: 14.65 - 15.60]
STOP: 13.00 (-15.58%)
TARGET: 20.00 (29.87%)