(UNG) Investment Analysis

Longer Term Trading Plans for UNG

  • Buy UNG near 16.04 target 19 stop loss @ 15.99 Details
  • The technical summary data tells us to buy UNG near 16.04 with an upside target of 19. This data also tells us to set a stop loss @ 15.99 to protect against excessive loss in case the stock begins to move against the trade. 16.04 is the first level of support below 16.54 , and by rule, any test of support is a buy signal. In this case, support 16.04 would be being tested, so a buy signal would exist.

  • Short UNG slightly under 19, target 16.04, stop loss @ 19.05 Details
  • The…

Source link