Erictaylor

LNG

Short
AMEX:LNG   None
It’s not the prettiest looking rising wedge, but it’s an idea that I’m gonna be watching closely. This $166 Level could be a struggle point if this comes in as a backtest rejection. If we can start potentially getting some red candle closing below 166 this might be a good area to add some puts on LNG . It has been decent with strength so we have to definitely wait a little bit to see if the bulls are going to continue to stay in charge. Obviously we don’t wanna be on the wrong side of the trade, but this is just an idea I’m going to be keeping close watch on

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