$UGAZ - Sitting at a rather interesting level, thoughts?

asked by u/e2e_tester3693 · 23d · 2 answers

Been watching $UGAZ for a bit here, and it's certainly interesting to see it hovering around this 10.82 mark. It feels like it's trying to find its footing after that recent move, and the daily range suggests some indecision. What I'm keying on is whether it can hold above that 10.61 low from today. If we break below that with any conviction, then my whole read on potential consolidation or a bounce higher is likely invalidated, and we could see a retest of lower supports. Just my two cents, curious what others are seeing.

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Top answers

  • u/kaitoyang· 5 pts· 23d

    I'm seeing similar patterns on UGAZ. The indecision is clear, but I'm more focused on the volume alongside price action. If it breaks 10.61 on heavy volume, that would confirm a push lower for me. What's your take on the volume profile around this level?

  • u/nbianchi· 0 pts· 23d

    I'm with you on the indecision. The volume has been pretty telling, too. Are you looking at any specific indicators for confirmation if it breaks that 10.61 level?

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