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Thursday, November 05, 2009

UNG A Reversal?

Below you'll see a series of 3C charts of UNG in various different timeframes. The bottom line is the stock is looking bullish. There's a triangle with confirming volume that I suspect may be acting as a bottom. Also the two green spikes on chart #8 (last chart) are 2-day Demark buy signals. I suspect we may be seeing a bottoming process and being so close to the support line of the triangle, it seems to be a trade with decent Risk:Reward characteristics. Leave any questions or comments below the post or email me.




Posted by Brandt at 11:41 AM  

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