As the market made all time highs we started to see this stock break down. If and when the market makes a meaningful pull back FLNG should see as much as 50% pullback from all time highs.
FLNG is part of my core dividend portfolio which is a recession based anchor that keeps my net worth safe while aiming to outperform short term treasuries. I have been adding to the position every time FLNG hits 30$. With fib extension I believe 44$ is in the cards by the middle of next year. FLNG carries a massive dividend and is a natural gas play that does not...
FLNG is one of my longer term holdings that I have as a recession protective growth/dividend mix. The stock after briefly falling out of the formation continues to narrow in volatility. FLNG has a rising RSI and is looking to have a larger break around early Jan.
Oil and Gas based stocks should continue to rally into this conflict. FLNG is one of my growth/dividend long-term holds at this time. Red support is a DCA in my book.
A move is coming for a little known FLNG. This stock is a long hold for me adding indirect exposure to natural gas through a recurring fee revenue structure. This stock is little known and has displayed tremendous growth in revenue/earnings with a strong dividend.
Looks like the bet on margins for natural gas related activities are on the blink as gas futures have reset to below pre-pandemic levels.
Having one of my best trades of the past two years (without options) in the books, I'm taking profit and going on the options train.
Looking for a strategy that places the max loss above 38. and break even at around 27. I...
This ascending scallop or ascending curve provides support for price as it completes this pattern.
Once finished the pattern price makes another move upwards which I have shown with the bars pattern.
Bullish on this 4Hr chart
RULES:
-If price break Point 2, 4, 6, 8, or 10 cancel the setup
-Price needs to break Point 1, 3, 5, 7, or 9 to confirm the setup
When price reach the 100FE(BLUE BOX) it normally does a pullback/retest or reversal
The market can Truncate(fall short)
$FLNG LT Chart - Possible downtrend breakout underway after recent consolidation above 50d ema line.
Medium term target: $37.50-$40.00 range possible by May (20%+ upside)
Note: This is not investment advice. Opinion only.
Table of contents:
§ 1 About FLNG
§ 2 The market
§ 3 Why I am bullish
§ 4 The risks
§ 1
Flex LNG(FLNG) is a Norwegian company.
They specialize in transporting liquid natural gas around the world for heat, cooking etc.
They also create ships themselves, specially created within the CE regulations to ensure safe transport, as natural gas is highly flammable and...
FLNG, a company that ferries LNG across the ocean to an energy starved Europe, all while paying a huge quarterly dividend, has been in a pretty tight channel up for well over a year. If trends continue it should get to $40/share by the end of 2022.
I'll just call this a Hail Mary since I don't know what this would fall under as its still in consolidation after the previous cup with handle pattern.
But last Friday's pocket pivot volume was about 450% above average even as it squatted. The rally seems to have been a marked attempt to get the price above the 50 MA last Friday (which it held) and opened today...
FLEX has shown good relative strength recently and looks like it's been under accumulation since April (see the yellow dots). Price filled the gap 2 days ago on good volume and yesterday saw a bullish looking inside day with a pocket pivot. If price can hold over $30.47 we could see a decent move to new ATHs
Weekly TF chart suggest that the price is stopped by the upper sloping resistance TL and probability of price touching the sloping support Green TL
Expect another 10% drop from the current levels
