In the 60 Minute chart of JNUG shown below it is clear that the shares are forced into the vertex of a triangle that must either break out or break down soon. There is a nonzero chance that the recent rally from the @2.83 low was just a 4th wave. A break out with a strong move up would help relieve this concern but for now I'm a watcher and not a holder.
Monday, November 24, 2014
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