According to with last tensions between Rus and Ukraine US gas supply will be provided by sea passage.
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of March 15, 2021, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and three generation X dual...
Break out of the ascending channel top With Volume.
Ascending trend is likely to continue.
Watching for the next patern to show.
Stay humble, have fun, make money!
So looking at FLNG's behaviour lately we see a W-formation was formed around the 52-55 area, before breaking through resistance from there (green line).
After this over extended W-formation a retrace was to be expected to at least the 0.318 fib, which is what happened.
Whilst testing the 0.318 fib/05 fib (60-62.50), another W-formation seems to have formed (see...
FLNG has done several bullish things recently:
- Broke it's blue downward trendline(s).
- Broke overhead resistance and retested it.
- Broke through the daily cloud and retested it.
- Made 2 higher lows, thus creating an upward trendline with 3x touch.
- Moved above the 50MA on the daily chart and found support above (light blue line).
So very simple, this is a...
