Now it is quite hard to predict what's going to happen so this call might not work... We might have the DCL in or it still can be ahead of us in the next 2 weeks.
I see a H&S pattern evolving on this chart. If that breaks down we can easily tag the 200 SMA. So we have a good chance for a 0.6$ decline from here. I want you remind you that this is not an all in trade, if you play this just play with a smaller amount the big opportunity will be the long when we enter at the daily cycle low.
We are just turning down from the BB's signal line and the 10 EMA so I suggest to use a stop above these levels : at 3.5$.
Kommentare
Bastosai
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Another winner... thx.
chartwatchers
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@Bastosai, thx, I noticed a very important thing right now as I checked the chart. The predicted price entry was good. Only timing was not perfect here.
jolu
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hi arpi
Are we witnessing a hammer forming today ?
Are we still heading down or its early signal to start loading..
ice_bird001
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Followed this trade with small position. Thanks.
pbartashevich
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Hi Arpi, I am planning on re-shorting NGAS at 3.55-3.65 to 2.50 based on weekly analysis then long to $5. 2.90 may bounce hard back over $3 in the middle. Here is chart:
pbartashevich
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Long term structure: $3.88 is 200EMA, $5 is 200MA. Red line is coming from ice age. 2.50 huge support too.