For those who wanted a follow up on my UGAZ prediction here it is. The white line in the middle of the chart is the day I published my idea and everything to the right was unknown at the time. The reason it doesn't look the same is because I deleted the old chart but I remade it as best I could without making any changes for what was placed where. So enjoy :)
JNUG has been making lower lows for the past 3 months but a support has revealed itself at about $54. At the end of the wedge is a possible breakout which is most likely to be a bull run based off of the last breakout about 5 months ago.
A reversal up to $20 is very possible for UGAZ, Given: Inverse head and shoulders pattern which is soon to be completed. Golden cross from the 160 and 40 MA could form soon. Dragonfly Doji. And 12 day MA is good. Offering 7:1 P/L ratio
UGAZ has been down-trending recently and now is consolidating. Winter is coming up soon so that will drive the demand of natural gas up. There is a near-complete inverse head and shoulders pattern 10 day MA is good. There is now a couple of dragonfly Dojis which is also good. Ultimately its showing signs of a reversal and is offering a 7:1 Profit/loss ratio which...