Thursday, February 7, 2013

Adding to UNG Here-May consider (calls) options later

I'll post some charts next, but I'm thinking this is a good area for an add to-I'd prefer to do this in two stages (there are two options as you'll see) because I like it here, but I also think that it could use some lateral or "U" shaped movement. The second half would be at what I consider the best timing and price, the first half is because there's a good looking divergence here which you will see in the next post.

The other (second) possibility is to just add here like you normally would on the equity long position and save the second area for a call trade, that's really what I'm leaning toward.

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