FCG Ascending Triangle about to breakout. 25% increase in price
FCG: FIRST TRUST NATURAL GAS ETF
The ETF is just coming out of the lows and it has formed an ascending triangle. It is testing the resistance breakout trend line again. After a successful breakout, it should retest the trend line as support and eventually reach the target price of ~$22 which is about a 25% from the breakout point. The Oscillators also look good to me.
The ETF is just coming out of the lows and it has formed an ascending triangle. It is testing the resistance breakout trend line again. After a successful breakout, it should retest the trend line as support and eventually reach the target price of ~$22 which is about a 25% from the breakout point. The Oscillators also look good to me.