Fundamentals
This is a leveraged play on Natural Gas. Antero is one of the largest U.S. suppliers of gas to the global export market.
NatGas got destroyed in 2022-23, and arguably is forming a long-term bottom.
Technicals
The weekly chart shows that
AR bounced from two-year-old support and printed bullish RSI divergence: 
The daily chart that since the low, AR has been following a clear upward channel.
This trade is to buy within the bottom half of this channel, with a stop under the previous Low. This is a long-term trade. As for levels to exit or swing part of the trade, there are many, starting with strong resistance at the recent High at $24.50. I've arbitrarily chosen the absolute previous high as the end of this trade. Really, since it's a #tradingtheapocalypse trade, macro-economic conditions will determine when we exit.
This is a leveraged play on Natural Gas. Antero is one of the largest U.S. suppliers of gas to the global export market.
NatGas got destroyed in 2022-23, and arguably is forming a long-term bottom.
Technicals
The weekly chart shows that
AR bounced from two-year-old support and printed bullish RSI divergence: The daily chart that since the low, AR has been following a clear upward channel.
This trade is to buy within the bottom half of this channel, with a stop under the previous Low. This is a long-term trade. As for levels to exit or swing part of the trade, there are many, starting with strong resistance at the recent High at $24.50. I've arbitrarily chosen the absolute previous high as the end of this trade. Really, since it's a #tradingtheapocalypse trade, macro-economic conditions will determine when we exit.
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💰 Trade with me: simplecrypto.life/trade-with-me/
🙋 Free help with Pinescript: simplecrypto.life/get-help-with-pinescript/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🆓 All my free scripts: simplecrypto.life/free-scripts/
💰 Trade with me: simplecrypto.life/trade-with-me/
🙋 Free help with Pinescript: simplecrypto.life/get-help-with-pinescript/
💰 Trade with me: simplecrypto.life/trade-with-me/
🙋 Free help with Pinescript: simplecrypto.life/get-help-with-pinescript/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.