NGAS: Potentially a massive long term bottom here

I think technicals suggest we could be seeing a huge bottom in $NGAS here, I'm long from this spot, aiming for a retest of the monthly mode resistance above, which will probably send the price sideways for a long time but can eventually result in a strong rally out of this zone, aiming for a surge towards $4+.
Very interesting chart, and certainly not moving together with anything else, which makes it a very good trading instrument to follow.

Cheers,

Ivan Labrie.

Trade chiuso: obiettivo raggiunto:

Target was hit right on time, even the consolidation period matched my views...and it peaked there as well. Looks like we could revisit the long side soon.