TELLURIAN Analysis
This decade appears to be the start of a super-cycle for Oil, Gas and related sectors. While some companies have succumbed to the slump in O&G sector in the last few years, the ones that survived Corona dip have bounced back vigorously. With proposed federal grants for infrastructure development and global momentum to go Green, these energy companies are well positioned to capture new market share and unleash tremendous value creation.
One such company with high upside is TELL. It was uptrending today on bullish news of 10-year LNG deal for $12B. This 20% bump brings the stock price of TELL closer to $5.82 which seems to be the pivot for Bullish Reversal. Once it breaks out of the Ascending Triangle, it can potentially test high 20s and cover for the multi year downturn. Some consolidation might be coming in the next few days to digest this big move but it remains to be seen if TELLURIAN can finally turn a new page.
One such company with high upside is TELL. It was uptrending today on bullish news of 10-year LNG deal for $12B. This 20% bump brings the stock price of TELL closer to $5.82 which seems to be the pivot for Bullish Reversal. Once it breaks out of the Ascending Triangle, it can potentially test high 20s and cover for the multi year downturn. Some consolidation might be coming in the next few days to digest this big move but it remains to be seen if TELLURIAN can finally turn a new page.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.