UNG - a nice chart with gap up

UNG's chart is pretty nice, with an island reversal  gap up, which usually is pretty bullish.

Previous island reversal  gap up chart have been shown in the NASDAQ intra-day chart when NASDAQ is about 1800, which can be found in the blog here. since then the NASDAQ market has been keeping up !



UNG has been down for more than a year so far, and down from 63.89 without any nice re bounce. A good run up may be due. At least, pay attention to it, if the gap up can hods well.




at 10/09/2009 04:35:00 AM

3 comments:

  1. AnonymousOctober 9, 2009 at 9:50 AM

    thx, tiger, although it is down this morning.

    ReplyDelete
  2. AnonymousOctober 9, 2009 at 4:52 PM

    Have you noticed how the 20wk line has become support/resistance for UNG?

    ReplyDelete
  3. TigerOctober 12, 2009 at 9:47 AM

    yes. good observation.

    ReplyDelete

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