sushimonster
Long

FCG Ascending Triangle about to breakout. 25% increase in price

AMEX:FCG   FIRST TRUST EXCHANGE TRADED FUND NATURAL GAS ETF
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FCG: FIRST TRUST NATURAL GAS ETF

The ETF is just coming out of the lows and it has formed an ascending triangle . It is testing the resistance breakout trend line again. After a successful breakout, it should retest the trend line as support and eventually reach the target price of ~$22 which is about a 25% from the breakout point. The Oscillators also look good to me.
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