LNG Follow Up

Yesterday I posted a couple of times, first bringing your attention to LNG and then later showing you the strength in the close suggesting follow through buying today, which it is up about 5% today on top of another 2-3% since it was featured first yesterday.

Here are the two most important charts if you are in LNG now...

 First this is today's 1 min chart which seems to be showing either resistance or some distribution around the $7.68 area. Being a 1 min chart, we want to keep an eye on it, but it does not mean the trade is over.  A break above this resistance level may in fact move 3C up.

The 30 min chart shows strong accumulation before the move up, I can't say that it has been distributed, I don't see signs of that on this chart, but again, we need to keep an eye on price and how the 1 min chart reacts to it as well as whether distribution bleeds through to longer term charts. If you are in the trade, keep in touch . Otherwise, a 7% gain for a day isn't bad either.