Cheniere Energy (LNG) has declined from $85 to just short of $50 this year, correcting the huge rally from single digits back in 2010. The stochastic indicator (a measure of whether a market is overbought or oversold based on where in the range prices closed) tells us that LNG is oversold and could bottom out around current levels.
While an oversold market can get more oversold, LNG has hit oversold readings not seen since late 2012 when its big rally was getting started.
Looking at the long-term chart of LNG, above, we can see a zone of support (prior resistance) in the $45 to $40 area from late 2013/early 2014. Prices may never test this support area, indeed a reversal pattern between current levels and this support zone would not surprise. However, this support area can be used for money management purposes. You could begin to build a long position in LNG on available weakness and use a sell stop just below $40.