NGAS is very interesting these days. It has dropped to the 1.618 twice on straight runs. This latest drop has a wrinkle. It had a .5 retracement in it. If everything is in the right order I will look for long opportunities in or around my PRZ.
NGAS has not been this low since June 2012. There is a strong area of support just below current price.
There is a confluence here with fib, previous S&R and HTF trend line support.
Also price is well below both 50 and 200 Day SMA.
I welcome your thoughts.
NGAS has not been this low since June 2012. There is a strong area of support just below current price.
There is a confluence here with fib, previous S&R and HTF trend line support.
Also price is well below both 50 and 200 Day SMA.
I welcome your thoughts.