The right shoulder is becoming larger than originally thought, which is actually more consistent with the pattern dimensions. I still see this as being extremely likely to play out, and choose to hang in there.
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.
Date first found- January 25, 2017
Pattern/Why- Breakout of Longterm...
Looking for GLNG to bounce off of support at around $20.30
My view is the overall market will experience a post-election relief rally which I see lasting several weeks
pushing GLNG higher.
After this relief rally fades, my overall market sentiment going into next year is bearish