Buyers holding higher levels are looking to run price into new highs

New Buy Entry Alert LNG

Time Frame : Daily/Weekly

Sector : Energy

Key Stats : $325.9 Million Market Cap, VWAP 0.57, ASX Ranking 428, 4 Week Av Turnover $453,420, Current Turnover (Intraday as at time of alert) $199,664.

Company Overview : Liquefied Natural Gas Limited (LNG) is a liquefied natural gas focused company based in Perth, Western Australia. LNG owns an OSMR LNG process technology used to improve LNG plant performance. LNG has two key projects utilizing its technology Magnolia LNG Project in USA and Bear Head LNG Project in Canada. .

Broker Consensus : BUY

LNG – Liquefied Natural Gas Limited

LNG is on the move up as buyers hold higher levels and look set to give price another nudge higher. We are now happy to buy on a push up through 0.60 and will hold the stop loss at 0.525. If price falls below 0.525 prior to entry, then we will cancel the entry alert and re-assess the action.

Stock Code : LNG – Liquefied Natural Gas Limited

Company Website : www.lnglimited.com.au

Current Price : 0.58

New Buy Entry (Trigger Level) : 0.60

Potential Sell Exit Zone (Stop Loss) : 0.525

Status : On watch for buy entry trigger