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Liquefied natural gas pipeline


Cheniere Energy had a sharp decline from $41.84 to 95 cents (A-B) and then settled into a trading range between $1.80 and $5.35 and then in a higher range between $5 and $12.75 (dashed lines). This price action produced a bullish Duplex Horizontal pattern. Cheniere pierced above this range recently to signal a breakout and the start of a new up-leg (C). Although a minor pullback toward about $12 may occur, only a decline below about $10 would reverse the current long-term upside potential.

Point & Figure measurements provide targets of $17 and $19. Higher targets are visible.

Monica Rizk is the senior technical analyst for Phases & Cycles Inc. Ron Meisels is a contributor to the website. They may hold shares in companies profiled. Please see the site for a glossary.

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About the Authors
Senior Technical Analyst at Phases & Cycles Inc.

Monica Rizk, Senior Technical Analyst, has a Bachelor's degree in Business Administration and completed the Canadian Securities Institute course. She has been with Phases & Cycles since September 2000 and specializes in the research of Canadian and US stocks using Point & Figure as well as bar chart analysis. More

President of Phases & Cycles Inc.

Ron Meisels, President, Phases & Cycles Inc., has been active as an Analyst since 1971. He was Vice President and Director of Technical Research of Nesbitt Thomson (now BMO Nesbitt Burns) from 1982 to 1990. He was ranked among the top three technical analysts by Canadian Institutions for six consecutive years (Brendan Wood Survey). More

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