I’ve been following Natural Gas (UNG) for several weeks now since it is making higher lows and broke above its 100-day moving average. UNG has pulled back and appears to be bouncing just below the 100-day moving average which is a good entry for trend following.
At this point we will be placing a one third position to start with at this price level and add one third positions as we get bounces higher. If I’m wrong about UNG, we will exit out at $10.09 with a reasonable 6% loss.
Victor Santana
Stock-Hunters.com
"Building wealth one investment at a time."
0 comments:
Post a Comment