vlad.adrian
Short

NFG - Massive topping formation

NYSE:NFG   NATIONAL FUEL GAS CO N J
72 1 2
This is one of the most bearish charts I've seen in a while. If this chart won't see a bear trend in the year coming, it will be a huge surprise. Working up from the monthly to the daily, this looks bearish . Monthly here
snapshot


A look at the weekly, and it looks even more bearish . Double bearish divergence on the MACD lines, with 3 consecutive false breakouts over the 2011 top, with a H&S pattern, with a pattern on the Weis Wave, all happening at the all time high. It can't get much bearish than that. This stock will see a huge bear trend in the coming months/years. It's not really my cup of tee, but I wanted to share.

Note : The pattern on the Weis Wave might be there because of the earnings call.
jangseohee
2 years ago
Yup, distribution has completed!
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