BOIL
Can TA be done on something as boil-ing / volatile as BOIL?
Is today’s backtest a good entry?
I missed the move from under $3 to the recent high of $3.82.
Also understand that this is purely for a trade.
Thanks in advance,
GL
Can TA be done on something as boil-ing / volatile as BOIL?
Is today’s backtest a good entry?
I missed the move from under $3 to the recent high of $3.82.
Also understand that this is purely for a trade.
Thanks in advance,
GL
“Can TA be done on something as boil”
Yes, but not all TA is created equal for these purposes.
My particular tools work on underlying and leveraged ETFs both.
Or the futures.
Cash and futures charts won’t be the same often.
Nightingale just posted on UNG/Natty several days ago.
Start there.
Pending Friday close, I have a fresh intermediate sell on BOIL, as of today.
I say avoid BOIL.. First it suffers decay from the contract it tracks and on top of that it erodes on a daily basis from leveraged decay. Can one eventually reach the next floor by running up the down escalator. Yes he can, but there is a better way.