I want to post it before market close so this is going to be short. If today the bottom is in by the end of next week today's UGAZ position can be in 50% profit. We are printing all time record volume. In the past all time record volumes often were the sign of the bottom and a big rally. The facts: 2016.05.31 - Price rallied from 20 to 51$. 2016.11.08 - Price...
I never post a chart for this stuff but it is in such an incredible buying opportunity location right now that I just had to. There are so many huge gaps above and this is looking like such an easy wave count AND there has been two days of record volume in this last week alone that I cant ignore this. I really think this is at near absolute bottom. If it did...
Long b/c of seasonality as well as technicals are starting to look good. Slow Stochastic just broke above 20 and MACD is about to cross. Full disclosure, had a horrible entry and got smacked. Looking to get my cash back. T1- first target T2 -2nd target *not advice & not a pro trader
At Support level of Channel Possible Target for next Uptrend = 14.30 +23% upside vs. -5% downside, 4/1 ratio = Great!
W: currently under hidden bullish divergence, check for theorical Stop, Buy and Target level looking at RSI for pot'l 2017 trend line break D: end of bearish div. RSI shows current rez and sppt
Popped just above channel but back in today. My stop is 3.13. Take care.
NGAS didn't have a great summer, but the fundamental supports the continuation of the upside momentum. I expect the chart will "breath" a little bit before the rally will continue, so today (15/8) we might see some profit taking but tomorrow the rally will continue.
Not trading the markets this week, schedule too busy. I'll check back with this trade idea next week to see how it panned out.
Watch out the daily because is time to shake the tree and get a disscount
50SMA crossed 200SMA early July. Will it stay below? SRSI trending up, we could see a re-test of 3.11, breaking above signals reversal to the longside, rejection below confirms the established downtrend.
It is struggling with the 300MA but finds support at the trend line, the fundamentals supports the upside momentum as the site "Celsius Energy" estimates Ngas to be undervalued by 8%.
Looking at NatGas, Im going long with BOIL. NAtGas is close to a double bottom here, %R is oversold, and the TSI is corssing and rising.
Looks like head and shoulder pattern on long term chart. break of 2.88 resistance area could see natural gas head to 2.5-2.6
$UGAZ IT IS AN UPTHRUST AND IS JUST PART OF THE CYCLE IN A LONG TERM WE ARE IN A BULLISH ABCD PATTERN BUT FOR NOW WE ARE GOING TO ENTER IN DANGER ZONE ABC=D ENDING IN 2.50