$VG (Venture Global Inc) had a very nice pop this morning. Pushing it above and beyond it’s inverse head and shoulders pattern.
It’s also bashing it’s head on that big ole gap from October. I wouldn’t expect price to move into that area after it’s current run up without at least a little pause, which it looks like were getting now.
My plan:
I haven’t been trading this one because it’s a VERY long term hold for me. The company has some serious spend before it gets to where I see it going. I did trim out a lot of my position around the $15 area at various prices because price had simply got way ahead of itself.
Right now, price has fallen a lot lower than I would have expected, hit by henry hub prices and some legal tiffs that I don’t see being a long term drag on this one.
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@JodySlaney with CISI Lvl 3 Wealth & Investment Management
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