shomikghosh2
Long

LNG Still One of My Favorite Longs

BATS:LNG   CHENIERE ENERGY INC
83 0 0
Disclosure: Long common from $45.81

This has been one of those longs that has just been consolidating at this level, it has broke above its recent box and has held above this level. The stock appears to be forming a new box from $45-$47 which i like as it is allowing the moving averages to catch up and the RSI to drop from close to overbought levels, on this pullback the MACD is still holding level and volume is low which are all good signs for the stock . Moreover, option flow into this name has been BULLISH with traders putting in $1 million bets to the upside. I think a great entry is up here with a stop at the volatility stop of $43.52. The volatility stop will also slowly start to move up with consolidation allowing you to have a natural stop moving upwards.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out