Buy $ | Sell $ | Short $ | Cover $ | Stop Loss $ | Profit / Losses | Duration |
19.50 |
|
|
| 17.10 |
|
|
Reason for Buy / Sell / Short / Cover:
- UNG has formed a two bottom formation with the latest bottom higher than the first bottom.
- Weekly price has overtake its weekly 20MA for the second time.
- Price now challenging its $20.00 resistance line for the second time.
- Weekly volume is impressive and all secondary indicators are pointing to more upward moves.
- Daily chart shows that price has overtake all its MA lines except 200MA line.
Lesson Learnt:
- This has been a very hard to trade "toxic" gas. Be very careful.
No comments:
Post a Comment