As long as Price stays below Red TrapZone we are in downtrend. Watch for Market Trapping buyers every time price pops higher. use UMVD to see this.
CNX bounced off the 200 EMA on the daily and has broken out of a downward wedge. A move over $21.00, and a reclaim of the 50 EMA should send this back up to test the highs. Looks even better on the weekly chart imo. Target $23.50
Ready for end year rally. ADMR looking to start wave 5 and try to break out the pattern. The demand and price of coal probably increase in the end of the year, so this stock will probably inline to increase significantly (hope). What do you think? Will it happen?
... to be payed. Although the decision is not yet certain due to redomiciliation of head-company Evraz not yet launched by the management, my ElliotWave projection and price and volume analysis, shows that at least one more move higher to Aug's high and even beyond to 430-460 area could be considered by local short-term swing traders and or even position...
PDN macro log chart massive broadening falling wedge patten. Technically this has a price target of $10 plus.. This is shear hopium chart designed to induce fomo at the highest level,. haha But what if???? #uranium
In these unpredictable times, it is crucial to strategize and safeguard our investments against market volatility. While some may shy away from uncertainty, smart traders like yourself recognize the immense opportunities that lie within. By focusing on defensive market sectors, we can position ourselves for success, even in the face of adversity. So, what are...
World markets bottomed on Spetember 2022 and during the recovery, European stocks AMEX:FEZ outperformed US stocks TVC:DJI for 9 months Nos, for the last 3 months, US stocks are back in the leadership as the DJI/FEZ ratio broke its downtrend back in April; just weeks before the AMEX:FEZ broke its trendline That is why relative strength is so important,...
Newcastle Thermal Coal Futures breaking out of short-term downtrend + Neutral-Bullish Accumulation around 78.6% Fib Retracement. Still within larger downtrend after steep sell-off through later half of 2022 into 2023. (Coal) embers likely re-igniting due to recent China stimulus measures & other macro-economic influences, TBC. Highlighted preliminary Trading...
After a 12 month, ~35% retracement, coal miner ARLP appears to be setting the stage for a continuation of the bullish trend that began in October 2020. After ARLP found a corrective low on a partial channel retrace, a nested bullish channel emerged, breaking to the upside simultaneously with the bearish channel that contained it. Volume is expanding to confirm...
Large H&S since May 2022 formed with the coal mining company. It broke down in January and since then has been sliding on a gradual downtrend. Other indicators confirmed downside to come including: 200 >21> 7 - Bearish (Red) RSI <50 Red The target still remains to be R88.70 and it looks like coal is still in very murky water.
Column: 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...
Buy above high of breakout candle at 241.75 stoploss at 237.4
Natural gas made a stunning rally to an all-time high, only to come crashing back down again. It's been a while since we last covered natural gas, so let's take a look at what's happened since then. The previous technical & seasonality setup played out perfectly with the RSI bouncing off the low and the rally into the winter season, hitting our profit...
Descending Triangle formed on coal and the price recently broke out. Now with coal commodities, no matter how well a company is doing - the futures trumps any company. This is because coal is already at low prices of production and when the price drops, company revenues and profits drop with it. Think of supply and demand. More supply results in drop in demand...
Inv Cup and Handle formed on Sasol. The price broken below the brim level. The gap was filled when the price went back up to close and form the right handle. Then the supply side kicked back in dropping it further. We also see bearish indicators. 200 > 21> 7 - Bearish RSI<50 (Lower highs) - Bearish Target R221.11 ABOUT Sasol is a global energy and...
Hopefully JSE:TGA it does't close below this level otherwise R175 becomes a possibility.
WHC ran out of steam and couldn't take out the previous high, Looking like it needs to "recharge" which in stockland world mean it needs to shake the fark out of the weak Coal Tourists make them sell scoop up the liquidity then run it past the highs. If it breaks below range low marked on the chart approx 7.76 this will trigger a cascade of stops pushing price...
back into range 2 looking for accumulation in this range and a re-claim of the range high to get long on WHC. Watching waiting and planning. patience is the key. If it keeps dumping then let it dump see you in hell who cares. BUT if it accumulates and reclimas the range high., its time to pay attention.