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4.3¢ liquefied natural gas limited

...Shakeouts should ideally occur after climatic or stopping...

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mitta

22,593 Posts.

10/10/14

12:06

Post #: 14105684
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Originally posted by mitta3 ↑

Hi prosper, unfortunately for LNG there is too much supply atm .. That shakeout of Monday was of no value. Shakeouts should ideally occur after climatic or stopping volumes have arrived. None of this has yet occurred so for non holders it would be advisable to stand back until it does. The key sign that the impending weakness was just about to happen was the weak break out volumes and huge negative divergence. atm, the divergence indicator is almost under the table it is that oversold.

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...Shakeouts should ideally occur after climatic or stopping volumes have arrived. None of this has yet occurred s....

Today is shaping as climatic/stopping volume action, so would now be alert for any bullish hints

LNG Price at posting: $2.85 Sentiment: None Disclosure: Held
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0 Great analysis

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