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Energy

Cheniere Energy, Inc. (AMEX:LNG) : Higher volume move

LNG is making a move again. Last night price action is great, in part due to the general market movement. But, its volume says a lot.

It has bounced off the Kijun sen. Immediate resistance is at its 52 week high of 7.62

Point to note:

LNG is trying to get approval from the government to export LNG. If it is successful, it will need to expand its terminal capacity at some point in time.

In other words, it may sell more shares to raise funds for expansion.