Stocks, charts, risk management & coffee

ung_003

UNG might be making a bottom. It is trading at resistance below its long term trendline, 50 DMA and 89 DMA. If UNG can take out approximately the $10.75 area, I would be comfortable calling a bottom. I would not jump the potential breakout because the descending triangle is bearish until broken.

§2000 · December 15, 2009 · UNG, Uncategorized · · [Print]

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