LNG Weekly Chart uptrend but watch out I mentione

LNG Weekly Chart uptrend but watch out

I mentioned LNG on the Treaty Energy board but it's just a stock on my watchlist for entry in case it can move lower. It is in a weekly chart uptrend, having recently pulled back into the 50 week moving average before bouncing a bit.

When I get into this stock, I want it to be a longer term buy and hold so I'm looking for a deeper pullback. There are a few bearish signals on the daily chart as well as the weekly chart that could indicate that a pullback could be on the intermediate term horizon. The daily 20 DMA crossed over the 50 with price trading below. In addition on the weekly chart we have a longer term bearish consolidation on that drip from April of this year with a retrace up to 17 bucks, and then again another bearish consolidation inside of that drop from 17 bucks.

If the weekly chart 20 MA starts to cross below the 50 WMA that could be another bearish signal that would keep me sidelined. I'm looking for first target somewhere around 12 bucks and think that if the broader markets really flush hard that 8 bucks would be the spot where I would really want to load up.

Nat Gas as far as I can tell is going to be a big part of the future of this country but I'd like to catch it as cheap as possible as we all know that nat gas has been historically volatile and could visit 2 bucks before it makes it's longer term above the 2010 highs.

[IMG]http://i.imgur.com/CWVEh.png[/IMG]