LNG Chart, page-1090

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sivart

5,940 Posts.

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28/01/15

13:57

Post #: 14652630
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Originally posted by carpediem ↑

Overtime the last few months we have seen accumulatoion (such as the US insto's) which has led me to witness similar behaviour in intra day trading as per the last couple of weeks.

They will set the bots and try to shake the tree then buy up, slowing or increasing the pace depending on their will.

I'm not a swing trader or day trader for that matter but unless the recent price movement is a massive setup for the short play which I believe we have seen at least twice, then to me the recent volume is buyers getting set.. But.. I am playing for the long side and the long term...

I believe Yesterday's run was exagerated by short covering and traders jumping on the coat tails of a genuine accumulator getting set...

Time will tell if/when it pushes past the 3.15 high of yesterday before we get the FERC schedule but once we get that, another NA project or BH BTA's then I'd say it will blow 3.15 out of the water..

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I'm with you Carp. As you say, it smells of the patterns of accumulation we've seen in the past. As you say, it looked like yesterday they may have overcooked it with potentially short covers or day traders having an impact. Today it looks like the patterns of trying to draw out sellers and minimise the price rise. If it is, how long it'll last is anyone's guess though.

LNG Price at posting: $3.17 Sentiment: Buy Disclosure: Held
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