I can't seem to find many stock beneficiaries of a nat gas price rise. But here is the best one I've found below. Ticker symbol is RICE
Comments
UnknownUnicorn540299
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Thianks, I think also it look promising in the long term. But it is getting a bit late in its daily cycle. Don't u think this is a false breakout before into a DCL?
Lanmar
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1) I do not think it's a false breakout because today's price action will be a Friday close on a significant three month structure.
2) It's only late if you lose on the trade and you're risking more than you could tolerate.
On risk:
A) Stops should be slightly below 2.84 and that offers an attractive risk/reward profile ($50,000 investment loses a maximum of $5,500. At target you make over $20,000).
B) A relative high probability of success if exit is managed appropriately (any future violation should be actively managed).
C) Because we're not dealing with a tested area of long duration at our stop point (2.80s) there is very low risk. In other words, extremely low probability we see a gap beneath our stop (lose more than expected).
The volume is still high. We might go down further than the arrow indicates. Let's see where it ends.
I will take a strong long position at the bottom.