LNG testing overhead resistance
Cheniere Energy presently testing channel resistance, able to absorb weekly buying pressures. From here, (LNG) can fall back to channel support, eliciting losses of 15% over the following 2-3 months. Inversely, a weekly settlement above channel resistance would elicit a buy signal where gains of 10% would be expected within 1-2 months, and gains of 20% would be anticipated over the following 5-6 months.
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Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.