I think technicals suggest we could be seeing a huge bottom in NGAS here, I'm long from this spot, aiming for a retest of the monthly mode resistance above, which will probably send the price sideways for a long time but can eventually result in a strong rally out of this zone, aiming for a surge towards $4+. Very interesting chart, and certainly not moving together with anything else, which makes it a very good trading instrument to follow.
Cheers,
Ivan Labrie.
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Target was hit right on time, even the consolidation period matched my views...and it peaked there as well. Looks like we could revisit the long side soon.