11.21.17 | LNG | Daily

Journal Entry: It looks like the insiders exited their position at the top, which I did not mark. This resulted in the weakness of the trend where it began to sell off in the bearish wave. Price right now is trading directly above a major support line+trendline all this within an upward moving channel (I think the macro outlook here is bullish). The volume is declining and the price is continuing to trade lower forming a major anomaly displaying a spinning top forming on an all time low of volume in over 126 sessions. This signals that very little people are participating in this move yet the market maker is still marking the market lower. I am waiting for confirmation and I will also try to track this pivot intraday. God Bless

Indicators:
ADX on the down tick, this is a good sign for a pivot.
ATR is at a mean of it's high and low which I think is ok for a pivot.
Stochastics RSI is oversold and pending a reversal.

Useful Links:
http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=lng
http://marketrealist.com/2017/11/cheniere-energys-price-forecast-3q17-results/?utm_source=yahoo&utm_medium=feed&yptr=yahoo
https://finance.yahoo.com/news/cheniere-energy-apos-revenue-rises-170300483.html

Komentarz:

Watching for a break above Resistance and the Supply Line I have drawn in.