Natural gas is on fire. This stock is giving you a way in. Check out Cheniere Energy (LNG). (January 14, 2015)
I want to look at an energy stock; a lot of them are really taking it on the chin, I’m not quite ready to be buying them. Look at Cheniere Energy ( NYSEMKT:LNG ) I think this is a real opportunity, it would have been a better opportunity yesterday, but that was then and this is now. Look at the weekly chart on this; the stock’s been trending higher forever and when you zoom out like this it looks like maybe this is a top, but on the other hand this just could be a base, it could be a high base.
Now we look at the daily chart, first of all you can see real support here is at $70.00, but what has my attention more, and I can’t really define the risk here because it’s kind of a choppy pattern, but what I’m looking at here is that on several occasions the 200-day moving average has held, it’s just held, and so in my view that’s a bullish sign.
I think this should be an opportunity to buy and then maybe put a stop right underneath here, something like that, because these guys are in the national gas industry and they’re in natural gas industry too, into exporting. That’s kind of the thing you want to be doing with natural gas since we have like 19,000 gazillion boatloads of it, we’ll be exporting that and I think that’s probably one of the reasons that folks are buying this. But the reason that I want you to buy it is because it just looks like the stock is done going down and starting to move higher again.
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