Closing profitable UNG position
UNG has hit the designated target designated on Dec 20, 2024.
Though there is potential for further long-term upside, the price has now reached previous previous high set in May/June 2024. As well, it is at the upper end of a parallel channel as shown.
I am closing the position at a profit of 37.6%. I plan to re-enter if/when price hits bottom of channel, or current resistance flips to support.
Though there is potential for further long-term upside, the price has now reached previous previous high set in May/June 2024. As well, it is at the upper end of a parallel channel as shown.
I am closing the position at a profit of 37.6%. I plan to re-enter if/when price hits bottom of channel, or current resistance flips to support.
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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.