Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Also, what do you think of the stock on a more long term basis? (ie. 1 - 3 years) based on the technicals?
jerryas
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@alpadua2020, best fundamental play on natural gas. It all depends on the price of NG. I am bullish for the next 3 years.
alpadua2020
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What is your exact criteria for establishing these long positions based on oversold weekly and daily levels?
jerryas
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@alpadua2020, trend reversal from relevant technical levels based on a candlestick bullish reversal patterrns.
alpadua2020
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@jerryas, but what exactly do you consider a "trend reversal" based on these technicals? Just trying to understand the exact criteria you use to determine your a) determination of a bullish trend reversal and b) entry point. Thanks and sorry for the nit picky question, but as you know, reversals come in many different ways and interepreted differently.