Tellurian has broken the downtrend. might be some resistance around 8.30, but 9.89 is where key resistance lies
Looks like $TELL might be breaking downtrend resistance. If it does my price target is at 9.89 which is the next major level of horizontal resistance. Support is around 6.63
TELL price touched strong weekly support line. possibly will go long. wait for abc pattern confirmation. I also watching this one .
Cleaned up to make it a bit more legible.
Sorry guys left a line on the previous chart(s) that was misleading. New chart and added fib levels for targets if this pattern plays out.
Watching the $9.31 area for a bounce at or before to help validate a H&S continuation pattern. Could still hit $8.92 on the downswing, this would also keep our H&S pattern alive, anything below will invalidate. If we break that and go lower I am bearish. RSI approaching oversold conditions, as well. This tells me we have a good possibility to bounce at the neckline.
Quick update, liking support here. Good accumulation zone imo.
Idea from Pokethebear (link to his chart): LNG play. Looks very promising to me.Some pullback today. One firm downgraded to market perform and natural gas down today.
LNG gas prices becoming attractive and not at mercy of US-CH trade war 10% tax as first thought. China leads the pack in LNG imports and has 10-yr contracts, wahahhaha. LNG GLNG SHI TELL NEXT Here shows a solid entry with strong legs from Fibretracement at 786 on love it the 1w chart and not as good on 1d chart, so more confident to hit higher highs from...
For me its not worth getting involved. im going to wait for price action around the structure level