NGK0 Trade on Mar 10, 2020 07:00 from GH0ST_0P: Tradervue User Stock Trades.

NGK20 1.9C

Natgas appears to be finally turning. The fundamental data supports this- especially over the next 18mos or so. Most importantly, we have a double bottom reversal off multi year support.

Method

• RSI Oversold (30)

• Bollinger Bands Pierced / bonus, double bottom setup

• Strong double bottom reversal off of multi year support @ $1.6

• +8Wk Expiry

• Risk/ Reward = 2-4R

Money Management

Risked 5%

Exit Strategy

Nat gas tends to rip when it goes, logical support is at $2.1, next target is the 200dma. Will also be looking for overbought conditions.