TGP Teekay LNG Partners LP) was one of my top picks in the recent shipping stock videos. The stock now offers an objective long entry on this break above the 14.10 resistance level with a backfill of that huge gap likely, should the shipping sector continue to rally in the coming days/weeks.
TGP daily April 22nd
At this time, T1 at 16.96 is the sole profit target with a suggested stop below 13.50. I’ve also added two potential additional targets which might become official targets should I continue to see bullish developments in both TGP as well as the shipping sector. TGP looks to offer an objective entry anywhere above but not below 14.10 and as high as the 15ish area. The current price is 14.30.