First week of Trading this year The Money Flow trading system went long JNUG. I have been long for 30 plus days. Long at $6.25 – $6.50 range today we sit at $12.34. 100% return in 30+ days. Notice price stalled out out $8.50 range….moved sideways but the 5,20 moving average alignment kept us in the trade.
Now RSI just hit 70+ range. Do I sell? NO! Just the first sign this move might be running out steam shortly. Being up 100% normally I’d take some money off the table but I am going to let this run since we are just breaking out of a zone of consolidation. I got plenty of upside.