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Wednesday, April 27, 2016 11:05:14 AM
UCAD Daily Chart
Morning gang. Out of all the charts, UCAD is by far the most attractive play right now for long positions.
We're wrapping up a 5th wave channel to the downside and the TDI shows a Wave 2 pullback. The upper target is still a bit above 1.33 so my TP is still set for 1.33 even. I've added a couple of small positions down on this lower end for a total of 3 trades running right now.
Should run nicely over the next few weeks as oil collapses again.
Morning gang. Out of all the charts, UCAD is by far the most attractive play right now for long positions.
We're wrapping up a 5th wave channel to the downside and the TDI shows a Wave 2 pullback. The upper target is still a bit above 1.33 so my TP is still set for 1.33 even. I've added a couple of small positions down on this lower end for a total of 3 trades running right now.
Should run nicely over the next few weeks as oil collapses again.
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