Mysjkin

Mysjkin

Yesterday NGAS tested the bottom of the symmetric triangle it has been trading in over the past weeks, the support held up and the market is moving towards the upper resistance of the triangle. Looking at the STOCH and MACD, clear bullish patterns are emerging, further supported by yesterdays US NGAS stock data, which showed a higher than expected decrease of...

Mysjkin

The NGAS has entered a symmetric triangle after several weeks of decline, the market has approached the lower limit of the triangle, which could indicate a BUY if limit holds up. This is further supported by a -51B US NGAS stock change for this week (vs. -45B predicted) as well as a bullish MACD pattern emerging. Look for upwards break of the triangle which could...