Comments on: /ZW WEAT Wheat Swing Trade Idea 12-12-22 https://rightsideofthechart.com/zw-weat-wheat-swing-trade-idea-12-12-22/ Stock Trading, Investing & Market Analysis Mon, 12 Jun 2023 18:57:35 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/zw-weat-wheat-swing-trade-idea-12-12-22/#comment-25714 Wed, 21 Dec 2022 23:45:47 +0000 https://rightsideofthechart.com/?p=210062#comment-25714 In reply to Mikeflegel.

UNG & /NG closed up today so as of now, another successful defense of that uptrend line on UNG & a possible reversal. As I like to say, support is support until & unless broken so as of now, UNG is still holding that uptrend line support with the potential for a rally from here.

]]> By: rsotc https://rightsideofthechart.com/zw-weat-wheat-swing-trade-idea-12-12-22/#comment-25713 Wed, 21 Dec 2022 23:43:41 +0000 https://rightsideofthechart.com/?p=210062#comment-25713 In reply to shreddah.

I’m not a huge fan of options since as I like to say: It’s hard enough predicting where a stock (or other security) is headed but a whole other degree of difficult when trying to also nail down when it will get there.

With that being said, I think if WEAT can take out 7.80, it should run fairly quickly up to that 8.33 target, within 3-weeks or so, and a backtest of the uptrend line within 2-months.

]]> By: Mikeflegel https://rightsideofthechart.com/zw-weat-wheat-swing-trade-idea-12-12-22/#comment-25712 Wed, 21 Dec 2022 16:19:12 +0000 https://rightsideofthechart.com/?p=210062#comment-25712 Randy, could you give us your updated thoughts on the NG trade. Looks like good support here but like you said in Free fall.

]]> By: shreddah https://rightsideofthechart.com/zw-weat-wheat-swing-trade-idea-12-12-22/#comment-25711 Wed, 21 Dec 2022 16:09:44 +0000 https://rightsideofthechart.com/?p=210062#comment-25711 How many months out would you recommend going out for this trade if using options?

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