IvanLabrie
Long

FCG: Potential upside is huge

AMEX:FCG   FIRST TRUST NATURAL GAS ETF
139 2 11
We can take a long at market, or wait for 26.09 to get hit to jump in this trade. Stops should be below 23.55 to be safe. Target the 38 handle give or take. It's worth considering this setup, specially if NGAS resumes the uptrend.

Check out my updated track record here: http://pastebin.com/6CyyqnPT

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Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.


Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.25% on such information.
Hi Ivan, is your long still valid after recent events? You think 38 is still in the cards?
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Yes, if not stopped, it's valid. You can add to it on dips, sell a bit on overbought rallies, etc.
It's more of a longer term position.
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