$LNG in on both weekly and daily downtrendI am looking for a pull back to get in. This is my set up at the moment.
Entry; $148.47
S/L; $151.03
TP1; $141.35
TP2; $134.73
Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
Cheniere
End of the lineCheniere Energy Inc. (LNG) stock has been on the rip since the Russian invasion on Ukraine in Febuary of '22. Russian invasion has shaken the global flows of natural gas and has enabled USA to replace Russia as dominant supplied of natural gas to Europe.
Cheniere is the company which basically dominates the shipping of LNG across the Atlantic, so its no wonder their stock did more than 50% since the start of the war.
As Natural gas, and energy prices in general, are slowly correcting to pre-war levels it makes sense for LNG stock to correct to its former support. It happens that support at about $120 is the same support which was tested after the war broke out, and the stock broke out to new highs.
9/18/22 LNGCheniere Energy ( AMEX:LNG )
Sector: Industrial Services (Oil & Gas Pipelines)
Market Capitalization: $41.776B
Current Price: $167.25
Breakout Price: $172.15
Buy Zone (Top/Bottom Range): $164.15-$151.00
Price Target: $195.90-$197.30
Estimated Duration to Target: 56-59d
Contract of Interest: $LNG 12/16/22 170c
Trade price as of publish date: $13.90/contract
Cheniere is ready for a breakout to 60+ dollarLNG Wells Fargo raised its price target on Cheniere Energy (NYSE: LNG) to $65.00 (from $56.00) while maintaining a Outperform rating.
This trade is based on fundamentals.
UPDATE:LNG TRANSPORT STILL CONTINUING TO BOOM MUST BUY
GLOG IS THE COMPANY THAT SPUN OFF ITS PARENT COMPANY GLOP, WHICH USUALLY IS THE OTHER WAY AROUND HOWEVER ALTHOUGH ADVOIDING THE THREE MONTH RULE CERTAIN EXCEPTIONS APPLY....
IF A COMPANY HAS SUFFICIENT EARNINGS AND HAS ADDITIONAL REVENUE THEY WILL IMMEDIATELY PROSPER.
AS SHOWN IN THE FIB LINES ON AN INCREDIBLE UPTREND EACH MOVE BREAKS THROUGH ANOTHER FIB INDICATOR SHOWING TRUE STRENGTH. UNTIL A PULLBACK OCCURS THIS IS A LONG AND ACCOMPANIES GLOG WITH THE GROWTH ,DIVIDEND, AND CAPITAL APPRECIATION ALL THREE IN ONE MAKE THIS A GREAT HEDGE TO ISSUES INTHE POLITICAL WORLD ESPECIALLY WITH THE FOMC MEETING TOMORROW.
THIS STOCK , LP , WILL PAY APX A 7% DIVIDEND SO UNCERTAINTY IN MARKETS AND A SHORTAGE OF LNG ALONG WITH CAPITAL APPRECIATION AND GROWTH POTENTIAL MAKE THIS A MUST OWN BEFORE THE CRISIS IS SOLVED.
ANOTHER PICK FROM THE MAN, THE MYTH, THE MYSTERY "JACKIE MOON" TY JM