Aug. 12 at 11:24 PM
$VG VG Looking Very Good
Venture Global (VG) is set up well here. The LNG exporter closed at
$13.72 today, back above the 10-SMA on volume above its 10-day average, and it is comfortably above both the 50-SMA and 200-SMA. More importantly, the stock built a higher low in late July around
$12.20 after basing near
$10.60 in June, so the structure is textbook. With the Iran situation unresolved and European gas demand still hostage to it, VG has a fundamental tailwind that does not require the AI trade to keep working.
For those reasons, it might make sense to take a bullish trade on VG with a trade trigger of
$14.38, above today's high, as traders wait on tomorrow's PPI.
Options: If you'd prefer to trade this with options, consider the SEP 18
$15 call at a suggested entry price of
$0.90 at trigger. Hold for 10 trading sessions after fill and exit at the open on the morning of the 11th session.
