It is still on a downtrend based on the stockchart. However, it could be a good buy a couple of months down the line. I am keeping my eye on UNG.
"Technical Analysis Doesn't Work... TA Sucks", you say?
- Thread starter Scataphagos
- Start date
It is still on a downtrend based on the stockchart. However, it could be a good buy a couple of months down the line. I am keeping my eye on UNG.
What? Not in the least bit relevant.
One guy on Twitter said he'd "bought $2.10... would add at $1.80, and again at $1.50... with a stop-out at $1.40". That's a lot of risk, but considering the seasonal... a reasonable approach up to a point. By "up to a point"... I have to wonder "why stop out there"... fear of NG going to $.50? With the notion that "NG isn't going away", how does one "give up on it" when trading at historically low price when you KNOW it's going to rally in future months due to seasonal demand??
IMV... "NG at $2" is as close to a "no brainer" as there is.
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For swing trading, it is a very bad idea to take a long UNG position right now.
Wait patiently for it to be on the uptrend. Then take a long position.
That's the 3rd stupid post I've seen you make.... enough to promote you to my ON IGNORE list.
You should add a disclaimer:
"I'm not a profitable swing trader, but please take my advice on swing trading"
Noted.
I am not a profitable swing trader.
I am a profitable day trader.
Whatever it is, don't listen blindly.
Always do your own analysis.
Hello Scataphagos,I say, Price TA works for ALL MARKETS... and for ALL TIME FRAMES! Take Natural Gas for instance currently at this time...
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What USUALLY happens after the price of NatGas dips to $2-ish?
That's Price TA.
KISS, baby.
Thank you for showing this chart.
I would just wait for a green bar, and sell it and take whatever profit I can get.
The trend is downwards, I might as well follow it and not try to swing for the big run.
Full Disclaimer : I am not a consistent profitable trader, yet. Please know this is just my opinion experience.
I like the YET part.
Too bad we didn't all have to add a disclaimer.
I am a consistantly profitable speculator.