Monday, August 6, 2012

UNG

As you know, there's only a couple of stocks that I like for the long term on the long side, UNG being one.

A pullback in UNG had seemed likely over the last several weeks as Stage 2 volume didn't hit yet, however with UNG having recently pulled back, it's looking like an interesting area to consider it as a long (I'm already in there, but may look if there's room somewhere).

 weekly UNG chart and where we first started following the change in character, an exercise in patience!

 The recent UNG 5 min chart starting to lead positive after a pullback.

 The 15 min trend leading positive to a NEW HIGH!

Eventually the already great looking 4 hour charts will catch up, for now, that 15 min has me wanting to look if I have room to add UNG somewhere.

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