attempt at lng

Seems like almost noone is watching this stock, so I'm posting it on the Charts section to get some feedback.

I had a quick pass on the chart last week and decided it looked interesting (although in a rising market, what doesn't!), so here goes my n00b attempt at TA.



First a quick look at the weekly chart above for some context. Price is still bounded by the pitchfork from the two highs since the GFC, and the price has fought back to the median line.

Also note the crossing of the short-term EMA's - EMA7 has headed north of the EMA41 for the first time in a year.



Zooming in to the daily chart - looks like a rising wedge forming?

I'll be looking for the repeating range (orange line) in ST, and a back-test to the fork's median for support, and then possible breakout of the wedge. Sounds like a lot of "what if's" but it'll be interesting to see how/if it plays out.

The other nice sign on the daily is the 41EMA has just crossed the 195EMA.

I took a small position to make it interesting at 58c.