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...
Oil hit $30/barrel and LNG going into earnings. DLNG, TELL, LNG all showing upward trend. Short opportunity for all. At 61.8% retracement. DLNG TELL LNG OSL:FLNG
A iH&S was formed and played out nicely. GLNG has now reached an area of resistance, a confluence of both a horizontal resistance and a trendline. Printed a bearish candle pattern, so it is to be expected to fall back to the previous support around 8.10-8.30. If it finds support there it will proceed to break through both the trendline resistance and the current...
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.
Dividend Yield Annual: 8.93% EPS Growth Next Year: 173.26% Insider Ownership: 46.50% Institutional Ownership: 87.40% finviz.com
It may finally be time for a trend reversal. Fundamentals are improving, oil maintaining value > 60, company is in better shape compared to 1 year ago. Buy on any breaks above 14
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.
It set itself up alright...looks good to go with a bear cross on the MacD and the RSI is sitting pretty too. And it's breaking the neck/shoulder line....good luck!
This may be an Inverted Head and Shoulders setting itself up.
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...
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