Categories
Energy

Cheniere Energy ($LNG): On the move again…

 

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

Categories
Energy

Cheniere Energy, Inc. (AMEX:LNG) : The March Goes On…

Cheniere Energy (LNG) continues its slow march upwards supported by the trendline.

At the time of this post is moving upwards nicely and have stayed above its gap support level.

Resistance to break is 6.23

Categories
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.