InvestorsHub Logo
Followers 110
Posts 7519
Boards Moderated 2
Alias Born 12/26/2004

Re: The Profit Taker post# 67075

Friday, 11/06/2009 1:17:39 PM

Friday, November 06, 2009 1:17:39 PM

Post# of 160314
Re: UNG - Weekly, daily, 60-minute Charts:

Hi, The Profit Taker!

I added $UNG on stockcharts.com's public list seveeral months ago ... You are welcome to look at the weekly, daily and 60-minute views (see below and this link: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2140281 )at your leisure.

Technically speaking, it seems that each timeframe remains still predominantly bearish.

The 36-month, weekly has all the features of a bearish stock for now. The RSI double-topped at/below 40-level recently corresponding to severe resistance at about $12.22. All secondary indicators also remain bearish in this weekly view, where ADX gives impetus to its (-)DI, and institutional interest remains on the sell side.

The 12-month, daily view may indicate some weak positive divergences, but the directional trend remains predominantly bearish. Some faint positive divergences are seen in the CCI, but it fails to provide a buy signal as it squats persistantly < -100. At the time of this writing, the only institutional trend reversal (i.e.: breaking over its 21-EMA line) is the ChiOs, which may reflect speculative players (i.e.: MM's), rather than retail or registered shareholders, whose trends remain on the sell side (using Mary Kay Austin "MKA" interpretation of OBV, A/D line and ChiOs).

The 2-month, 60-minute chart is making the case for the most recent and predominant directional trends: bearish. Looking at the price's 5,9,21-EMA's in this 60-minute timeframe, they have remained lined-up bearishly, where the 9-EMA has provided the most frequent resistance, followed by the 21-EMA. Until these lines remain bearishly reversed, the outlook remains predominantly bearish (assuming that this 60-minute timeframe would provide the earliest inkling of a reversal trend, which would still remain to be proven on a daily chart, IMHO).

OVERALL - Bearish, IMHO.




UNG - 36-Mo., Weekly Chart:



UNG - 12-Mo., Daily



UNG - 2-Mo., 60-Min. Chart:


As indicated above, these charts are publicly listed on this list:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2140281

- Dalcindo

More LIVE charts

TA out of Moorea, French Pacific Islands

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.