LNG +10% Trade - Market Analysis for Apr 15th, 2016

Mike added Cheniere Energy (LNG) to the MPTrader model portfolio on April 4, at 34.34, noting it had begun an initial up-leg (off its Feb low) in a new bull phase.  He anticipated a blast through declining tops-line resistance at around 36.40 en route to a 45 area target zone.
The stock closed above 39 on Thursday, and then dipped on Friday, stopping Mike out for a more than 10% gain.  Mike is still bullish on energy and holding other model portfolio positions to take advantage of the continued up-move he's been anticipating in oil.
In fact, Mike was published this week on MarketWatch regarding his oil projections.
See Mike's latest chart on LNG.


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