Everything looks good here for Natural Gas. I will be buying UGAZ here and sold my DGAZ Monday Feb. 13, 2017.
Chart
Positive Trend with a buying opportunity. I will continue to buy dips as I eye the trend line and MACD 0 line.
Chart
Positive Trend with a buying opportunity. I will continue to buy dips as I eye the trend line and MACD 0 line.
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NatGas showed a decent divergence on lower time frames, with a shot at one more buying opportunity. Chart looks to be shaping a diamond, reliable pattern that kicks out massive volatility once completed.
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I'll be usuing UGAZ a X3 ETF. Plan is hold less than 3 months and target a new high or near high with UGAZ
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Bought 1k Shares of UGAZ in the after hours Feb. 16, 2017
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Breaking through and holding a daily close above second resistance will add to my confidence going forward. However, I set a Stop loss with UGAZ set at $18.70.
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It's been an ugly trend, but the light at the end of the tunnel is near. thanks to Gabby_1994
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Closed trade / sold DGAZ far too early and missed the biggest move. Nat Gas 2.70 broke and learning lesson from miss trade, always wait for a confirmation / buy - sell / on time frame beyond 1 hour and more appropriately 1D+Note
To be learned: Also, be cautious ahead of upcoming US holidays. You might be trapped in a position and not be able to Buy/Sell when alert trigger goes off.Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.