BOIL is here on a 30 minute chart. It has reversed this week and ascended 13% with a double
bottom at 13 and 13.25 forming a resing support trendline. Volumes changed from selling
to buying. Price bounced off the ATR- stop loss in its pullback and now appears poised to
break through the moving average channel and get support after that cross-over.
I will...
This stock is deeply oversold on the daily, weekly and monthly charts.
As you can see, it's about to squeeze out of this long downtrend.
We all know BOIL is not a long-term hold because of its futures rolling decay; but this year it could be a huge winner with Natural Gas near it's all-time lows and also deeply oversold.
Natural Gas on an intra-week basis seems to be in a position to Bullishly Reverse as it sits at the PCZ of a potential Bullish Shark with slight Bullish Divergence near the previous month's low. My target will be anywhere between $16 and $20 though it could always go higher.
BOIL is here on the 15- minute chart with a set of Bollinger Bands, a Bollinger Band Oscillator by
LuxAlgo as well as a dual-time frame RSI indicator by Chris Moody. The settings for the Bollinger
Band set up are period 49 EMA 14 standard deviations 2 /2.618 ( These are multiples of 7 and
Fib #s for mathematical reasons.
Entries are signal is price crossing...
on the 4H chart is showing a round bottom reversal at the bottom of the high voume area
and rose over the POC line of the intermediate-term voume profile. Price now has room for
a 50% move to the top of the high volume area at $ 52. The chart shows the relative
volume indicator supports a long buy as does the dual time frame RSI.
A speculative call option...
as shown on the 15 minute chart is rising in an ascending parallel channel and is suitable
for a long buy entry when the indicators are triggered. The onslaught of winter cold, the
sanctions against Russian gas exports and inflationary pressure on commodities all bode well
for the trend up for natural gas on forex and equities markets. See also my idea linked...
BOIL in the past month fell from a head and shoulders pattern on the 15 minute time frame
into a trend down which leveled out into a double bottom. Supply is in a draw
down right now as might be expected when gas production is diminished in the middle of winter
while demand is rising. The Economics 101 expectation is rising prices on the futures market.
The...
BOIL on may 9th went into hard resistance in the highest VWAP line area, the Hull moving
averages did a death cross and it fell 12% into the support of the first upper standard
deviation line where it double bottomed with a reversal. The ZL MACD shows lines and
trends that are confirmatory. As a result, I have closed my short trade from my prior
idea and...
I see this more as an exciting reverse the trend entry. Entering with small volume and adding more if the trend decides to go upwards from here.
As the world is trying to go green Natural Gas is the less polluting source of energy.
Boil.. after several false starts, I think we are close for a reversal on BOIL, primarily as NatGas gets a bid.
(Colder weather please)
This tradeable is very volatile so be careful.
In other words you date this... not marry it !
Have a tight stop and game plan.
Do your own due diligence.
Good Luck
S.
Not often you get two harmonic indicators flashing (Bullish Butterflies) ... one on the share price and one on the RSI. (A confluence has to work worked the past.)
Certainly worth watching... for a reversal in the area marked.
Shorts may consider covering....
I'll chirp in if this reversal becomes more certain.
For now I'm interested but neutral
DYOD. Not...
BOIL is preparing to shift out of the range as it Bullishly Diverges on the MACD during its spring and backtest and shifts out of the lower RSI Extremes.
We may just get a move to $90 and call it there, but I do think it's possible to see the $150s if this setup truly does result in the absolute bottom.
BOIL's price has successfully wrapped up the magenta wave (b). Looking ahead, we foresee an ascent in the fourth leg of the yellow five-part wave, targeting the yellow Target Zone between $116.87 and $334.93. Following this ascent, a substantial decline is expected, bringing the price down to around $23, signaling the conclusion of the white wave (II). This yellow...
Broke down. Got out a while back at top of channel, but looking to buy back in if RSI goes
down to 25 to 30 oversold conditions for short term trade. Morgan just upgraded global energy,
but, XLE just printed the mother of all gravestones. Most this year I've noticed more
of a divergence between natty vs crude (not sure about this) - gonna be really patient
with...
BOIL as a triple leveraged ETF of natural gas futures- has high volatility
which can translated to high profits for traders who can accurately harness
that energy .On the 2H chart in the time since the reverse split, the price has mostly
ranged up and down between the first upper and lower VWAP lines of the
VWAP anchored to the high in May. Occasionally it...
AMEX:BOIL recently went through a reverse split which is usually not a good sign for any instrument. However this is 3x leveaged play on US Natural Gas. AMEX:UNG has more or less same kind of chart pattern.
The higher time frame charts shows that this could be churning a hot lava that could explode in coming days / week. A massive short squeeze could trigger...
