Get ready for testing of the support line around $2.93 mark. I...

Get ready for testing of the support line around $2.93 mark.

I would be keenly watching this line, would have a small buy around $2.95 and another few more larger buys at $2.87, $2.83, $2.78.

The SP should bounce off this previous low, or have a false break below this support to trigger stop loss and technical seller.

$3.20 support has been broken, will take another quick dip down before stabilising.

LNG has been probably one of the most volatile stock, stock can move up and down very quickly. The risk reward and probability is skewing towards a next leg up. The sell side depth is relentless, creating impression of seller pressure.

cheers
pcyc