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Cheniere Energy, Inc. Message Board

  • purplespyderman purplespyderman Oct 4, 2013 1:26 PM Flag

    new 52 week high on a frigging friday despite govt shutdown

    so how are the apparently smart naysayers doing ?

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    • As this breakout on the daily extends, it is wise to take a look at the bigger picture. The weekly and monthly chart shows technicals still rock solid, but may start a series of high bases and a choppy period till it moves through the '05 to '07 highs (till $44.4). But $LNG is cheaper and better / stronger company today than it was back then. Buy it and stick it in a drawer to be revisited when it is in the $50's. And if you must use stops, don't follishly set them any higher than well below the rising MA(50)d or you risk getting whipsawed and having your shares stolen.

47.60-1.70(-3.45%)Nov 27 1:02 PMEST