GasLog Ltd (NYSE: GLOG)

GasLog Ltd., together with its subsidiaries, owns, operates, and manages vessels in the liquefied natural gas (LNG) market worldwide. It provides maritime services for the transportation of LNG and LNG vessel management services. As of April 10, 2014, the company’s fleet consisted of 18 wholly owned LNG carriers. It also had 9 LNG carriers operating under its technical management for third parties.
Take a look at the 1-year chart of GasLog (NYSE: GLOG) below with added notations:

GLOG has been trading sideways for the last 3 months, while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. GLOG’s rectangle pattern has formed a $22 resistance (green) and a $16 support (red). At some point the stock will have to break one of the two levels created by the rectangle pattern.

The Tale of the Tape: GLOG is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $22, or on a breakout above $16. The ideal short opportunity would be on a break below $16.
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