Get started
GOLAR LNG LIMITED COM STK USD1.00GOLAR LNG LIMITED COM STK USD1.00GOLAR LNG LIMITED COM STK USD1.00

GOLAR LNG LIMITED COM STK USD1.00

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

0HDY trade ideas

Golar – naturally gas lit, or weighed by liquefication? Natural Gas has been flying lately, and I have a feeling GLNG has been lagging. This is a company that liquefies natural gas at sea, and they are a world leader at this. Looking at the daily chart the stock has been in consolidation since mid-June, until it broke out of the channel two days ago. MACD, OBV and RSI are aligning, and the EMA20 has crossed up over EMA50. I feel this is a breakout, and it happened on high volume. ATH was $62.62 all the way back in Oct 2014, and the current price is the highest since June 2015 ($50.85). Realizing the trimester up to and including October often is the peak of natural gas, I believe we could see more upside to this stock. Seeing as there are no obstacles until $50.85 this is where I will place my target. This is a 35% upside from today, so obviously keep track and follow world events for potential exit levels prior.
NASDAQ:GLNGLong
by WeRideAtDawn
2
GOLAR looking like a buyPurely technical analysis based buy-point here. We can see a clear demand zone between 21-22 USD. Unfortunately, the weekly 20EMA was just backtested and got rejected, which ultimately led to declining price action. As all the signs are not there to be 100% sure about the trade, I set the stop level at 21 USD, which reduces the risk of this trade going ballistics. Entry target at 22 USD, and risk/reward at a solid 4. This bad boy has been a while in my long-term portfolio, and I was hoping to get a little bit larger position on this. This may be that time... As a European citizen, I do see a large demand for liquified natural gas in the future and tremendous investments in the energy sector, which benefits Golar a lot. Thanks for reading fellas!
NASDAQ:GLNGLong
by arazio
1
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!
NASDAQ:GLNGLong
by VelvetBarbie