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
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
It was only pre-market open that I touch on LNG having a strong momentum. And how things turn around very fast this morning. In this case, we can see on the Ichimoku Daily Chart that LNG price has run up a lot in a very short timeframe. One of the key habits that I learn… Continue reading Cheniere Energy, Inc. (LNG) : Taking profit. Stop-loss.