Jun. 5 at 3:02 PM
$VG Heres some clarity on the tradinng channel were in:
VG is pinned by options dealers around:
$13 calls /
$13 puts keeping it trapped between --
$12.50 support
$13.50 resistance.
At
$13.80, two things happen --- energy ETFs begin adding VG instead of trimming and Flows turn positive. Liquidity improves and the stock stops fading every afternoon.
This is where the tape starts acting healthy.
VG’s biggest problem is not earnings, not LNG demand, not operations.It’s legal uncertainty.
institutions will not aggressively buy the stock, until its absolutely certain these issues are totalling settled.
With these issues behind us, all the positive fundaments are favorable. The real trend change starts at
$14.20
The stock becomes “alive” again above
$15.
