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Energy

Cheniere Energy, Inc. (AMEX:LNG) : Pullback entry. Weekly Support


Cheniere Energy (LNG) has a great rally from Sept till late November where it pulls back after a great run.

The price seems to have bounce off support level at around $4.88

On the Ichimoku Daily Chart, Kijun sen is still pointing up; a sign that the trend is stil intact and the Kijun sen is flattening signifying the pullback and consolidation.


On the Ichimoku Weekly Chart, we can see that the price level is now just resting on support level from 2 Chikou Span (previous resistance levels turn support). Both the Tenkan sen and Kijun sen are also providing support at current price level as well.

With the support on the Weekly Chart, this could be a good entry.

2 replies on “Cheniere Energy, Inc. (AMEX:LNG) : Pullback entry. Weekly Support”

Hi,

I’m interesting about this ichimoku indicator. May i know, how do you pick the stocks as on http://www.stockcharts.com we can also search it manually by enter the ticker 1 by 1? Any trading software are you using for to filter?

Thanks in advance,
Fendy

Hi,

I believe Stockcharts has a filter for it and you will be able to scan for it.

Personally, I have my own watchlist and I just glance through the charts on a daily basis to make my decision.

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