A buy signal is generated. This is a signal that BOIL's price could be shifting from a downtrend to an uptrend. Traders may consider buying the stock or exploring call options. I looked back and found 37 similar cases where BOIL's RSI Indicator left the oversold zone, and in 31 of them led to a successful outcome. Odds of Success: 84%.
Going long Nat Gas with BOIL. BOIL is a 2x leverage ETF for Nat Gas. Chart looks good. Short term trade.
With some volume above the trend line, this could really pop again.
Natural Gas is entering its seasonality play, with the fall beginning today, and heating demand in the Northeast around the corner. Traders jumped on natural gas last week, and have potentially put in a H+S bullish bottom just below $3.00 BOIL, Pro-Shares Leveraged Natural Gas ETF , offers traders an opportunity to participate in what could be a breakout play...
Looking at NatGas, Im going long with BOIL. NAtGas is close to a double bottom here, %R is oversold, and the TSI is corssing and rising.
Looks like a bull flag forming on NATGAS tracker BOIL 2x. Id like to buy in on the next tag of the lower flag line. Around $11
Looking at NatGas here. Looks like we had a reversal a week ago, then a retest. I could see a good move here with little risk to the downside. Set your stops at Yesterdays lows. Should not test again. Upside target to the 200 ma