NGG could be ending a multi year ABC and ready to rally
Could possibly be forming a (which unfortunately will look corrective in character in the direction). So just wait for a strong pop above, say 60, because it should be a 3rd wave if it forms. Buy above, say 60.60. Don't get stuck in that pattern because it will be frustrating to wait forever. And if I'm wrong it will break down fairly hard.
Break of preceding 2016 Downward trend and Divergence is visible at the right edge of the chart in .
Yes, Brexit of UK energy market will send NGG through the floor, but that's what a stop below 56 is for.
If this thing does break upward, then it will likely accompany news that the UK will not leave the energy market in Brexit.