Honestly, for the past 15 years this Stock has been suffering and I think it has already reach the bottom of this fall.
With the following factors (Wars are taken place, Winter is coming, and Natural Gas is something we need on a daily basis), I believe that putting some cash into the following Stock would be one of those crazy opportunities which may buy and forget about.
Please note to make sure that you dont go all in of course and to prep for second buying opportunities.
you know how UNG works...right? its default direction is down even if NG is flat. its good opp to enter in NG future, not in UNG. for sure it wil go up but there is a decay factor which you need to consider.
amrlafi
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The technicals are indicating sell, but I believe it's oversold. What do you think?
Houmani
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@amrlafi, again I have provided what I believe an important buy zone and critical one. I believe the buying will increase and definately this is oversold. At the end, this is just a perspective and an analysis on a weekly timeframe. So, a lot of fluctuation is expected.
robed1
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Still dropping.. lol...
Houmani
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@robed1, I have shared what I thought could be a Critical Buy zone. Also, the timeframe of the analysis is on a weekly timeframe. We will see some fluctuation
Houmani
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@robed1 UNG didn't hit the stoploss and now on the 10% gain .. lol...