Technical Analysis: This LNG Tanker Stock Is Squeezing. Will a Breakout Follow?

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Natural gas tanker stock Cheniere Energy has steadily trended higher for more than a year, but it’s effectively gone nowhere for three months. Now it may be getting ready to move again.

The first pattern on today’s chart is the descending trendline that started earlier this month. Next, consider how LNG is trying to hold the same $127.75 area where it bounced on April 25 and May 12. The convergence of the falling trendline with horizontal support is creating a …

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