Author Archives: pmontesdeoca

GOLD – WEEKLY UPSWING COMPLETED

 

 

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Major Long-Term Upside Breakout in JNUG

In a report Patrick MontesDeOca,today, January 5, 2017,  CEO of the Equity Management Academy, predicted a “major, major breakout” in Direxion Daily Junior Gold Miners Bull 3X ETF (JNUG) shares.

“We have clear signals,” MontesDeOca said, “of potentially a truly remarkable trade.”

MontesDeOca tracks the 9-day moving average for short-term trend identification. The market, he said, has moved above that average, “giving us a very clear buy signal.”

Reinforcing that trend is the use of Fibonacci numbers. “We use the Fibonacci retracement from the high back on August 29 to the recent low on December 19, and what we see is once again a trending pattern that projects the 23.6% Fibonacci retracement to be at $10.62, 38.2% is at $14.97, the 50% target is $18.49, a 61% retracement is $22.01 and a 78.6% retracement is $27.02.” With the market currently trading at about $6.75, MontesDeOca said, “This is just the beginning of what appears to be a really exciting move.”

Turning to possible resistance levels, MontesDeOca used Fibonacci fan lines to “get a pretty good indication of where the resistance levels are in relation to the retracement,” which is at about $14.97. He predicted some resistance at $13.21 and up to about $17. The upper end of that resistance is at $20.74.

“My objective,” MontesDeOca said, “is approximately the 50% to 61% retracement of $18.49 to $22.01. These are the targets we are looking at for the next three to six months. We are looking at a major, major breakout in JNUG.”

For more information on JNUG and the the criteria to join the Academy’s select group of investors, please call 805-418-1744 or email support@ema2trade.com.

JNUG MAJOR LONG TERM UPSIDE BREAKEOUT PODCAST

 

For more information on JNUG and the the criteria to join the Academy’s select group of investors, please call 805-418-1744 or email support@ema2trade.com.

 

FIBONACCI STRIKES GOLD’S BULL EYE!

 

 

For more information on the criteria to join the Academy’s select group of investors or for more information about gold, please email support@ema2trade.com or call 805-418-1744.

 

NUGT 1000% INCREDIBLE POTENTIAL SPECIAL REPORT

Patrick MontesDeOca, CEO of the Equity Management Academy, forecast a major move for gold-based Direxion Daily Gold Miners Bull 3X (NUGT) shares of more than 1,000% based on a Fibonacci retracement.

On December 16, 2016, MontesDeOca published a report on Trader Planet, “What is Fibonacci Telling Us About Gold?” The report accurately predicted the current 78.6% Fibonacci correction to about $1,116 in gold.

Today, MontesDeOca said, “The low should hold for now” for a rally to $1,173, which is a 61.8% Fibonacci retracement from the July High to the recent low.”

MontesDeOca then discussed NUGT, which he called “a powerful tool.” The shares made a low in December 2015 at $3.48 and then rose to a high on August 11 of $35.80. He said, “That was a phenomenal move” over a 1,000% profit in 6 months.

MontesDeOca expects a major bottom in December, an annual low, as it did in December 2015 and calls right now “An incredible opportunity [for NUGT]; a historic opportunity.” He explained that NUGT is “a very volatile instrument.” It is a 3X velocity ETF, The Fund’s objective is daily investment results of 300% of the NYSE Arca Gold Miners Index.. NUGT can be traded like a futures contract, with very good liquidity, which allows for the management of risk away from the margin calls on a day or swing trade.

MontesDeOca said there was a 1000% increase in NUGT as gold moved up $300 from December through August. “We feel very strongly based on the criteria that we use,” he said, “that the potential for a $600 up move in the price of gold is very real. Therefore, NUGT trading at $7.93 is an incredible bargain. We could see this price trade in the 70s.”

Since the high in August, there has been a Fibonacci retracement in NUGT to the recent lows at $5.51. MontesDeOca said, “The long term outlook the market is projecting is that this price can rally up to about $92.59 – $94, which would be a 78.6% Fibonacci retracement. This is the extreme of the Fibonacci retracement that I believe will be accomplished.” He said this is an intermediate to long term opportunity in the three to six month range. He said, “You can buy it for under $8 per share and potentially sell it for $100.”

For more information on the criteria to join the Academy’s select group of investors or for more information about NUGT, please email support@ema2trade.com or call 805-418-1744.

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