Updating my previous long trade initiated when UNG broke through the 200 DSMA two weeks ago.
At the same time, the 200 DSMA turned upwards after having been in a downtrend for over two years.
Note also the huge increase in volume since the 200 DSMA was breached.
My current target is former tops formed in May/June 2024 in the 21.00 to 22.00 area. (I would close at least 50% of my current position and raise my stop in that case.)
At the same time, the 200 DSMA turned upwards after having been in a downtrend for over two years.
Note also the huge increase in volume since the 200 DSMA was breached.
My current target is former tops formed in May/June 2024 in the 21.00 to 22.00 area. (I would close at least 50% of my current position and raise my stop in that case.)
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