LNG 0.00% 4.3¢ liquefied natural gas limited

why today's plunge, page-92

  1. 22,593 Posts.
    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.
 
watchlist Created with Sketch. Add LNG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.