LNG has break its previous high within a 2 day rally. Seems like it is on the move again. I am expecting a small retrace first to serve its price-action. On the Ichimoku Chart, support is around 10.4 followed by 9.5 Note: DOE Conditionally Approves Cheniere’s LNG Export Application for Non-FTA Countries
Category: Energy
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… Continue reading Cheniere Energy (LNG): Trend continues
Apache Corp (APA): A bet that it will bounce off kumo support
I am making a bet that Apache (APA) will bounce off the kumo support. Noticed how there is a long ‘tail’ a few days back. It suggest that it is not ready to go down so much yet. The possible risk could be its earning report is due in a couple of day (I think).… Continue reading Apache Corp (APA): A bet that it will bounce off kumo support