That being said, looks like UNG will open around a trendline at around $12.07.This has been hit about 20x since 3/16/2020. I’m going to lighten up alot here and then follow randy’s target levels for the balance.

https://i.imgur.com/ulbGSj2.jpg

good luck everyone

Not that I’m anyone you should pay attention to, but the Ford play was fairly basic from a charting perspective.

I have a list of about 30 stocks/etfs that I check the charts on every day. Ford set up pefectly for a pullback.posted about it a few days ago

https://i.imgur.com/lzsoNau.jpg

two things stood out to me.

#1 strong move up. 10 days straight of gains and a 24% gain during that time.That’s very rare for ford.

2# A trend line that goes back to March 8th 2021 has been hit 31 times. It just so happened to correspond with the 200ma this week. It was extremely likely that there would be a reaction at that level

Yes we need some more talking heads in here I still think randy should consider moving to discord much better chat environment

@alansi get into the chatroom

I appreciate your input as well thank you

Lol thanks

Here is my 2 cents… Ford ran into the downtrend line from the August highs and the 200 Day MA and got rejected today. The chart looks ugly but if it can close above yesterday’s high and the market break outs above the same trendline it can run. Resistance at 14.60, 15.60 and 16.45. See chart. Not a stock I would chase, but if you own it, wait to see if the market runs and sell covered calls against it as it hits resistance. I sell calls against my key stock positions I am keeping long term.