Cheniere Energy (LNG): Trend continues

I have a long position on LNG since I sold off the previous time.

This is based on the fact that the price has consolidated.

Both the Tenkan sen and Kijun sen are now very close to each other which will strengthen the support going forward.

Also, a closer look at the Tenkan sen suggest that it is ready to move upwards soon. Couple this with the slightly upward sloping leading kumo.

My guess, LNG may be ready to hit new high soon.

By iam802

Trend trading with Ichimoku