Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

LNG Approaching Resistance

Cheniere Energy, Inc. (LNG) has rocketed off of its near-term, base-like pattern and is heading for a very important confrontation with resistance at 14.00-14.05, which represents the issue price at 14.05 of its recent secondary offering.

If LNG hurdles and sustains above 14.05, it could attract huge buying interest that propels towards 14.70/90 next, on the way to 15.50/80, thereafter.

Only a decline that breaks and sustains below 13.40 will compromise the timing of the anticipated breakout above "issue."

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!