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.
Saturday, October 31, 2015
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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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