Saturday, October 31, 2015

[UNG] update - did it just bottom?

In the backlink I was looking for a bottom in UNG soon.



In that post I explained what I would be looking for with respect to seeing the bottom:" Look for the unicorn tail or the gap up and then buy into the first dip you see." .  We got a nice unicorn tail which dipped down a little lower than the $9.50 that I was modeling but $9.30 is certainly in the ball park.  This might not be the bottom but I think it will turn out to be a significant bottom.

1 comment:

Anonymous said...

Anonymous here - thanks for taking a request and updating natgas/ung/ugaz. A long trade is looking like a nice risk/reward opportunity! Keeping tight stops over here and counting waves!

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