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CEIX

Stock of the Month: Vertex (VRTX)Our portfolio is up by more than 15% in the month of November. We are strictly following Mark Minervini's Trading Methodology. Here is a quick summary: Mark Minervini's trading methodology, often encapsulated in his SEPA (Specific Entry Point Analysis) system, is a comprehensive approach to trading that emphasizes the importance of timing, risk management, and stock selection. Here’s a concise summary: Trend Template: Minervini looks for stocks in a strong uptrend, using specific criteria for moving averages and price action to determine the health of the trend. Volatility Contraction Pattern (VCP): He identifies stocks undergoing a VCP, a series of tightening price consolidations which often precede a significant breakout. Risk Management: He sets strict stop-loss orders to limit potential losses, often using a maximum risk threshold per trade to manage overall portfolio risk. Buy Points: Minervini waits for a proper pivot point before entering a trade, ensuring the stock is moving on high volume out of a sound base pattern. Leadership: Preference is given to market leaders, stocks that outperform the market with strong earnings growth, sales, return on equity, and profit margins. Market Direction: He trades in harmony with the overall market direction, increasing exposure during bull markets and preserving capital during bear markets. By focusing on these key principles, Minervini aims to capture significant trends, minimize losses, and compound gains efficiently. Remember, this strategy requires discipline, continuous learning, and the ability to adapt to changing market conditions. Stock of the Month November: Vertex Detailed Technical Analysis Price and Moving Averages : The price of VRTX has recently experienced a bullish breakout. It is trading above all key moving averages (MA), including the 50-day, 100-day, and 200-day MAs, which are aligned in ascending order—a bullish signal known as a 'golden cross'. The 50-day MA is often used as a short-term trend indicator, and its position above the longer-term MAs suggests a strong upward trend. Volume : There's a noticeable increase in volume accompanying the price rise, which is a positive sign as it indicates strong buying interest. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and above zero, which is bullish. The histogram is showing increasing momentum to the upside. Relative Strength Index (RSI): The RSI is above 70, which typically indicates overbought conditions. However, in strong trends, the RSI can remain overbought for extended periods. IBD Ratings: The IBD (Investor's Business Daily) ratings show a high relative strength rating of 93, suggesting that the stock is outperforming 93% of all other stocks in terms of price performance. Bollinger Bands: The price has moved towards the upper Bollinger Band, which could signal that the stock is overextended in the short term. Support and Resistance: The chart shows previous resistance around the $360 level, which appears to have been decisively breached and may now serve as support. Candlestick Analysis: The recent candlesticks show strong bullish bodies, which confirms the buyers' control. Price Targets: If you're using chart patterns for price targets, the recent breakout suggests a continuation of the uptrend. Potential Risks: The overbought RSI readings could indicate a potential pullback or consolidation in the near term. Additionally, the elevated volume on up days should be monitored to ensure it doesn't start declining, which could signal a weakening trend. Here is a link top our updated portfolio: www.tradingview.com
NASDAQ:VRTX
by JS_TechTrading
Buying Consol Energy at previous highs.Consol Energy - 30d expiry - We look to Buy at 63.75 (stop at 60.75) We are trading at overbought extremes. Previous resistance at 64 now becomes support. The previous swing low is located at 63.32. Bespoke support is located at 64. We look to buy dips. Expect trading to remain mixed and volatile. Our profit targets will be 70.75 and 72.75 Resistance: 73.11 / 74.70 / 76.00 Support: 69.50 / 67.00 / 65.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:CEIXLong
by VantageMarkets
Commodities: Coal Recovery Cycle Soon: Peabody Energy BTU ARCHColumn: How a bankruptcy filing shielded a big coal company from California’s climate-change lawsuits Peabody Energy, the nation’s largest private-sector coal company, joined several of its fellow coal producers in bankruptcy in 2016. Its main goal was to wriggle out from under more than $10 billion in debt it had incurred to expand, even as demand was sharply falling. But its bankruptcy filing has provided a collateral benefit: Peabody has been ruled immune from a lawsuit brought by three California jurisdictions blaming it and dozens of other fossil fuel companies for a sea level rise related to climate change. The ruling came last month from U.S. Bankruptcy Judge Barry S. Schermer of St. Louis, who presided over Peabody’s bankruptcy. On Monday, the California plaintiffs — the counties of Marin and San Mateo and the city of Imperial Beach — filed a notice that they’ll appeal Schermer’s ruling to federal court.
NYSE:BTULong
by noam_chom
1
Consol Energy to find buyers at previous resistance?Consol Energy - 30d expiry - We look to Buy at 63.75 (stop at 60.75) We are trading at overbought extremes. Previous resistance at 64 now becomes support. The previous swing low is located at 63.32. Bespoke support is located at 64. We look to buy dips. Expect trading to remain mixed and volatile. Our profit targets will be 70.75 and 72.75 Resistance: 68.00 / 69.84 / 72.00 Support: 65.85 / 63.32 / 62.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:CEIXLong
by VantageMarkets
Coal = Gold 3.0 - The New Paradigm Breakoutor this may be a 2B double top extension. (see Bitcoin Nov-2021 2B top, or see Gold-ounce double top from Ukraine tensions in Spring 2022) I think that the coal new paradigm pump is a sell the news event, energy supply tensions are easing and in the USA the domestic stress of a Rail Workers Union strike will be resolved within weeks. Strong Supply flows will dampen the heightened speculation about Coal companies going up forever (with their notably favorable P/E and P/FCF rates) "Years ago, I recognized my kinship with all living things, and I made up my mind that I was not one bit better than the meanest on earth... While there is a lower class, I am in it, while there is a criminal element, I am of it, and while there is a soul in prison, I am not free..."
NYSE:CEIX
by noam_chom
Fading into Consol primary trend.Consol Energy - 30d expiry - We look to Buy at 58.22 (stop at 54.91) Levels below 58 continue to attract buyers. The primary trend remains bullish. There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 57.52. We look for a temporary move lower. Short term momentum is bearish. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. This stock has seen good sales growth. Our profit targets will be 66.48 and 68.48 Resistance: 65.00 / 68.00 / 70.20 Support: 60.20 / 58.60 / 57.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:CEIXLong
by VantageMarkets
CEIX Consol Rally to $60 for Local Coal Cycle Toptry and be patient with this one. Geopolitical headlines will move it fast in this thin volume topping structure. await a run up near 60 and then play for downside strong fundamentals: finviz.com Greenlight Capital also discussed CONSOL Energy Inc. (NYSE:CEIX) in its Q2 2021 investor letter. The fund said: “Thermal Coal and Natural Gas ESG investing is inflationary, as green energy is simply more expensive than hydrocarbons. Hydrocarbon energy companies are starved for capital and are being told to change their ways. The result is less exploration and drilling. Even with benchmark oil prices surging over the last year, companies are loath to drill more. Normally, the cure for high prices is high prices. With ESG in the proverbial driver’s seat, we might need much higher prices still in order to increase investment to meet demand. There is almost nothing less popular than thermal coal. From 2011 to 2020, U.S. coal production declined by 51%. U.S. demand has fallen as we’ve shifted to alternative sources of electricity. As unpopular as coal is though, it still makes up about 20% of U.S. electricity generation. Globally, coal demand is growing modestly as China and India add power generation capacity faster than the West is reducing it. Even so, reduced oil and gas drilling has caused natural gas prices to advance and coal prices are following. Seaborne thermal coal prices are up 140% year-over-year and at the highest levels since 2011, and Northern Appalachia thermal coal prices are catching up, rising 23% in the last month alone. We own CONSOL Energy (CEIX), the lowest cost, most efficient miner in Appalachia, which is poised to benefit from rising coal prices. It trades at 12x consensus earnings estimates that look stale to us, as they do not reflect recent coal price gains.”
NYSE:CEIX
by noam_chom
3
Global Demand for Coal Is Expected to Be LingerConsol Energy, which I wrote about in the beginning of October, has not only risen above its all-time high at $28.27, as I was expecting, but also gained even more than 30% jumping to $36.23. Shares of the coal producer were rising within the upward channel rooted on April 30 and the upper margin crossing $29.40. A breakthrough of the price above the upper margin gave Consol Energy stocks an additional boost to the new target area of $36.00-36.20. Also, a convergence on several oscillators between the highs of October 11 and October 18 has emerged forming a reversal pattern “Double Tops”, which has prompted a correction. As for now Consol Energy shares have met their correction targets, and dived below the 7-month upside trend, at least the EMA13 and EMA21 moving averages on the daily timeframe are still above the price that indicates a downward pressure. So, how deep might a further correction reach since stocks have made a 50% correction already? I see two major scenarios. According to the first scenario prices may experience a strong decline considering the “Head and shoulders” pattern that is being formed on the chart. It is visible on daily and weekly timeframe charts with a 50% on Fibonacci retracement acting like a neckline, even it is pitched down. However, to finally confirm this pattern we need the price to hold below $21.50 per share. If this is confirmed, we will have a significant correction potential of 80-100% of the “Head” height that leads us to a long-term price target at $10.00-10.50. The second scenario considers the “Hound of Baskervilles” trend continuation formation appearance after failure of the “Head and Shoulders”, “Reversed Head and shoulders” and “Diamond” patterns-like formation. The first signal for this scenario would be a continuation of rising prices after an existing correction breaking through the second “shoulder” top at $25.95. At this point the second “shoulder” is not complete and would be completed and confirmed only after reaching the $21.50 landmark. I would suggest the first scenario would not be the one I would bet on as the demand for coal is strong ahead of the winter season. According to New Hope Corp., a large Australian coal exporter, the demand for coal will remain strong for at least two more decades even considering the fact that countries around the globe are moving towards decarbonisation. Moreover, the company suggests that the demand for coal in India, Vietnam and Japan would exceed the supply in the coming quarter.
NYSE:CEIXLong
by scavoanastasiia
Consol Energy: Buy Yourself Some CoalThis autumn would be long remembered in the market as crude, coal and natural gas prices jumped simultaneously to their several year highs. European Union is planning to expand its move towards green energy to become carbon neutral by 2050. However, to change the world as we know it is hard to do at once. Meanwhile, prices of traditional sources of energy such as coal, gas and crude are making new record highs. According to the BP plc estimations, green energy contributes only 5-6% to the global energy production, and it would extend its share to 45% by 2050.  Europe is facing significant gas reserves shortages ahead of winter season as the reserve facilities are only 20% full. This could be enough for the ordinary mild winter, but weather forecasts predict winter temperatures to dive below winter climate normal. In the situation of soaring gas prices to enormous $1076 per cubic meters European energy producers are turning to coal as a fuel for energy production.In this situation traders may get some extra profit not only from crude, gas and oil trading, but also from trading of energy stocks. Consol Energy could be one of such stocks. Stocks closed at $26.02 on Thursday with gains of 13.97% for the last month, and are rising for fifths consecutive month. Market cap of the company jumped by 196.35%. Seems yummy, isn’t it? The trend of decline share of coal in energy production is likely to continue in mid-term perspective. So, we may expect an upside trend for Consol Energy stocks to continue too. Moreover, its shares are far from their all-time highs at $47.35 and $48.12 that were recorded in 2018. Considering these levels we may have an 80% upside potential.A strong upward trend it Consol Energy stocks continues with the current support level at $23.40-24. Fast moving average EMA55 is duplicating this support level on daily timeframe chart at $22.50. Any correction to these levels it is worth considering to join the rally with acceleration of it if the prices moves above $28.26, a September 13 high.Considering exposure/profit ratio, such buy position looks quite attractive, so it is worth to use such opportunity. Traders may also consider other coal industry companies’ stocks such as Peabody Energy Corporation and Alliance Resource Partners for possible trading operations.
NYSE:CEIXLong
by scavoanastasiia