GLNG Golar LNG Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GLNG Golar LNG Limited prior to the earnings report this week,
I would consider purchasing the 34usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $1.57.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GLNG
GLNG Golar LNG Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GLNG Golar LNG Limited prior to the earnings report this week,
I would consider purchasing the $22.50 strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $2.12.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
UNG Natural Gas ( Unleveraged) ETF LongOn the 4 hour chart- UNG had a head and shoulder pattern in May from which it descended
in a gradual fashion from May 25 to June 2nd and then reversed upward. The reversal occurred
at two standard deviations below the mean anchored VWAP and so deep in the oversold
area. Price has crossed over the higher VWAP line and so is in the band between the mean VWAP
and one standard deviation below it. Volumes have been persistent. Importantly, the zero
lag MACD shows the lines in parallel and crossing the zero horizontal line from underneath.
I see UNG properly set up for a long trade. Fundamentally, the hot summer may bring
increased natural gas consumption to make electricity for air conditioning. The dam disaster
in Ukraine may close down the biggest nuclear plant in Europe because of cooling
lakes potentially compromised. Natural gas may be an alternative fuel to make electricity.
Compressed NG from the US may become more important to Europe, especially since the
Nordic Stream pipeline issue developed. All in all, I think natural gas prices are likely to rise.
I will gladly have a strong cup of $GLNGCup and Handle bullish breakout for GLNG! Following the news of GLNG's joint venture "HYGO" to be listed on the NASDAQ, GLNG had previously formed a cup and as you can see the handle where the bears tried to take control leaving the stock trading in a channel between 9.02 acting as support and 11.01 as resistance. Following the news, the bulls took full control leaving the bears in the grounds. The bulls full speed ahead jacked up on caffeine pushed the stock past the 11.01 resistance making 11.37 a perfect entry point for a long trade. September 14 is the entry for this trade as it opened at 11.22 and closed at 11.73. A conservative stop/loss would be at S2 at or around 9.80. Personally, imo I would set my S/L at 10.85 which is just below the open of the September 11 candle. The only indicator I am not pleased with is the RSI is starting to enter the oversold area but this can change as this is a daily chart. The MACD still showing a strong bullish trend. Recently, GLNG was upgraded from HOLD to Buy. Drink with caution!
GLNG - Long at the Breakout of resistance from $27/28 to $33/37GLNG breaking out above long term resistance & showing strong upward momentum. Moneyflow pushed really high at the breakout point along with huge volume. We think it can go as high as $37.33.
In the weekly frame it shows a possible Flag formation with similar target.
Trade Criteria
Date first found- January 25, 2017
Pattern/Why- Breakout of Longterm resistance.
Entry Target Criteria- Break of $28.03 or Retrace back to $27.03
Exit Target Criteria- First target $33.83, Second target $37.33
Stop Loss Criteria- $24.83
Trade Status: Pending