NRGD price reached a support level and its RSI reached a support ptichfork line. Expecting it to go up tomorrow.
NRGD goes up when oil goes down; this ETF tracks the oil futures ; it is leveraged and managed. Here on the one-hour chart with an Bollinger Bands and EMA bands indicator added, it can be seen that price had been trending down in two waves beginning June 1st , Upon dropping outside the BB lower line, price reversed upward to reach the upper BB line and...
NRGD can make huge moves, the sector has been extremely strong for the past year by holding near the top of its range (most things havent done that) In bear markets, everything falls, and typically oil stocks get absolutely hammered. ''08.. ''20.. As a result this has the potential to be a great trade.
goes in uptrend, I dont have much experience trading but looks pretty safe to me.