$ TELL is rising too much without any strong news today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $3,00;
stop-loss — $3,14;
take-profit — $2,72;
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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It fell when the petroleum crash happened earlier last year, but on its own LNG is not going anywhere and is much much cleaner than gasoline products. Mostly everyone, such as Biden's energy cabinet, considers LNG 'good for the planet' vs using dirty fuels. Not as clean as solar of course, but an excellent alternative.
Additionally, you have to consider that LNG, unlike gasoline, doesn't come from the middle east. We are extracting it right here, in our backyards. So the fuck up that is the OPEC oil cartel that created a skewed demand-supply leading to everyone shitting their pants in early 2020 as alternative energy started taking foothold, doesn't impact LNG. BUT, TELL fell like a dead bird cause the entire petroleum and energy sector went down with OPEC fuck up. With that context, I believe it took a beating cause of the whole energy sector but LNG intrinsically is here to stay another 20-25 years.