RE:RE:RE:RE:RE:NG Update from 2 weeks agoCrete, let me first suggest there is no urgency to invest in the U side, NG could lavish for weeks or 2 to 3 months at a perceived bottom before finally getting on its way for what could be a late seasonal summer rise. HND currently remains the play to a potential finish in the $144 area.
Already in just a day the numbers and target area to begin a position U side have changed with the continued NG drop accelerating to current level. We now believe 1.43 NG area may be the best target area to begin a position which equates to a 2.50ish HNU. That area could also precipitate a reverse split on HNU of which size (EG. 5 or 10 for 1) would further suggest the possibility of an even lower blip in price to the 1.28 area.
Therefore I would expect to make a minimum of 3 buys an initial buy at 1.43 +/- 2 1/2, a second at an oversold bottom on initial breakout and a third on the way back up only with a confirmed price reversal.
I really would suggest to you not playing these NG ETF's without first gaining some experience this go round. Circumstances may dictate this could be a complicated trade or series of multi trades including rebuys to establish an average price worthy of a 250% potential profit to 8.50 giving enough spread vs erosion on hold to still realize a reasonable profit.
You are welcome to private message me for discussion if you still choose to follow along. Please don't consider doing it just because I suggested it on public board, cheers.