DGAZ formed bullish reversal doji today, and NGJ2017 formed bearish reversal doji. Fib extension points us to $8 on DGAZ
This idea is in accordance with my larger term view of the very large Bullish Bat which completed last week @2.547 (idea linked below). I missed that entry but patiently waited for a new pattern. Now I have found 2 bullish bat patterns to get me in to the (hopefully) longer term move. One advantage to this method is that the risk is much less than with the...
Follow up to first NGAS post.... We appear to be stalling at support (aug 16' and nov 16' lows). High probability we head back up to test the fibs and 200/250 ema to form a right shoulder. Should test Feb 16' low
Price bounced off of the upper boundary within the wedge and appears to be forming a head and shoulder pattern on the daily/weekly. We should pullback to the lower boundary and support at the 2012 and 2016 major lows before turning around and breaking out to the upside. One to watch this year!
Simply put, good risk reward. Could see a wave 5.
Hello everyone, we have an opportunity to short NGAS towards 2.830. For any questions leave a comment or DM me. Good Luck
$NGAS could resume the uptrend here, and might be an interesting setup if we get a bottoming pattern in the daily chart. I took a small risk aggressive long on Friday, and will monitor it to reenter if stopped, if this trade remains valid. Upside is significant, close to $5, in the long run, but it might a while to base around here firs, which would be a great...
All technical indicators are oversold with signs of reversal on Daily and Weekly time frames. Additionally, we touched th 200d MA and bounced off of it. Be careful though, this might be a short lived bull run as we might fail to break 3.1 and thus create opportunity for a leg down. Thus I will set my first target at 3.1 and wait to see if there are signs of weakness.
Looking to long where indicated in the chart. In this scenario I will then watch for a short at the Cypher completion point. If price closes below the red dashed line I will abandon longs until the completion of the Bullish Bat.
see price action for possible flag and Sell
Three touches on each side of the wedge, perfectly touched the uptrend line, as well as a storage report coming out after market close tomorrow. Due to falling wedge and bull price action since last march i am leaning long-side here, but do your own due diligence and watch the movement after the report. If price takes off upwards i would expect quite the move here.
NGAS broke down the support line (black dots), but finds support at 0.382 fibonnaci and some trend line I found. I wouldn't like it to meet the 200MA, but if it will break down from that support- it might happen. it will rally on the following days, that's for sure
Based on Daily and Weekly technical analysis as well as fundamental I think there is a possible trade to the long side for NGAS in the upcoming weeks. I will post a more in-depth analysis when I see a window to enter the trade. For now I am keeping some cash to be ready.