I like this set up with a tight stop. If it fails, then short is the way to go.
Note
NGAS bounced off the 20 SMA, as I hoped. Limit sell and stop loss set on UGAZ.Note
Closed UGAZ 38.10 from 36.75.Took my profit. Didn't want to hold over the weekend. GLTYNote
Another Hit at the 20 SMA on the 4 Hour. Long Opened UGAZ $43.30. TP 48Disclaimer
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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.