Long
Updated

CONTANGO OIL & GAS LONG FOR A LONG TIME

The prices have broken the 200 daily SMA (red) on June and now are pull-backing on the 200 SMA. In my opinion, this is an opportunity to enter long in this stock. Probably we are assisting to a change the trend from the down-trend to up-trend. Stop loss on prices under the 200 SMA.

Trade active
Nice start today.

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