Friday, September 11, 2009

Horizon's Beta Pro Natural Gas 2x Bull ETF (HNU:TO)

HNU Confirmed uptrend! Rally is in full force here. It's not too late to profit from this move. I would much rather be putting my money in at this point than back when HNU was trading below 1.70. I am much more confident in the direction of this stock right now which makes it less of a gamble. See the following chart for confirmed uptrend.



Notice the bullish white candle that formed today. Yesterday's candle made me think the rally wasn't strong but today's long white candle has confirmed this rally for me. We could easily see 2 or 3 nice long white candles and see HNU trade close to 4 dollars. This could be a huge move even from today's prices. It's not too late to hop on this one, but be very careful as the long term trend on HNU is still down. This is simply a short term bounce. I recommend getting in now, and selling in the high 3 dollar range. Good luck with this one.

No comments:

Post a Comment