Analyzing 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...
On 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...
GLNG wants to make its second move up This is the situation where continuation is allowed Breakout up maybe
$GLNG falls under O&G industry group but what caught my eye is purely technical. currently basing a 2yrs chart pattern (ascending triangle), a potential trend reversal setup in play. attempted to trade out of 2018 high VWAP at $14.45. actionable trade at $14.60. pretty liquid
Failed to reach upper channel line and broke through trend line. Looks like reversal is happening. Market is in reverse right now, helping this trend.
Cup 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...
Textbook bearish butterfly accompanied with previous market structure. We are at the competition of the butterfly (D) so I will be looking to get short off the open, risking a point above D. Profit target $7.60 ( green .382 retracement) where I may look to flip long.
GLNG 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...