Tuesday, May 26, 2015

$UNG remains bearish despite a slight uptrend for a couple of weeks

Weekly Chart

  • The price curve has been below the Kumo since August 2014 which is bearish
  • Tenkan Sen has been below Kijun Sen and crossed below it back in July 2014
  • The recent rally above Tenkan Sen may be an opportunity to short the ETF for a quick short-term, but limited gain
Visit StockCharts.com to see more great charts.

No comments:

Post a Comment