Bearish potential detected for WHCEntry conditions:
(i) lower share price for ASX:WHC along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $5.55.
Stop loss for the trade would be, dependent of risk tolerance:
(i) above the resistance level from the open of 21st February (i.e.: above $5.80),
(ii) above the resistance level from the open of 13th January (i.e.: above $5.91), or
(iii) above the resistance level from the open of 30th December (i.e.: above $6.00).
WHCAU trade ideas
WHC ConsolidationI think this provides a perfect example of how keeping things simple can make things a lot clearer. Only a matter of time before we see a breakout either way but until then, price continues to print sideways as it consolidates. The range of consolidation alone is around 6-7% which provides some quick easy trades in the meantime.
RiskMastery's Red Flag Stocks - WHC EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at ASX:WHC ...
I believe this code is at a point of potential volatility.
If price can hold below $6.79 ... Bearish potential may be unlocked.
My key downside targets include:
- $6.27 (Conservative)
- $5.63 (Medium)
- $4.88 (Aggressive)
If however price breaks above $7.62 ... Bullish potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
WHC Target Reached + Risk Control!WHC has been a good ran from $7.26 to nearly $8. However, Market didn't see its potential.
It dropped out of ascending channel with poor earning. Its good company which mining Coal. It might go sideways if it's being supported by its price action. There is still a chance to go up as over all trend still sits above 200 MA.
Risk Managment: account size needs to be reduced Or get out of position and wait for another opportunity.
WHC.AU Whitehaven Coal Cup & HandleWhitehaven Coal has printed a Cup and Handle pattern as seen on the CHART.
This is a Bullish signal.
Also the upgrade by MS will help.
Use Stop Loss management to preserve your capital.
Smash that Rocket Boost Button if you appreciate my Chart study.
Invest well.
Regards Graham.
$WHC Whitehaven CoalWHC is trading this range since Feb 2003 which is starting to look like a Wyckoff accumulation YET TO BE CONFIRMED.
Confirmation for me would be if price traded back above the Mid Range of this zone. And trigger for long is marked on reclaim of Mid range. Let see,
If NOT
Then looking for price to trade back around the range low and move away from it.
Or
Will see if we get a heavier pullback to take out the liquidity built up at those area marked "STOPS" on the chart to test the Macro RANGE high.
Anything could and will happen with price and the plans will change as it evolves but these are plans on what is presented right now..
All triggers marked on charts.
Australias Whitehaven Coal - Up 200% over 12 monthsWhitehaven Coal just keeps going up and up. I keep waiting for a pull back but it keeps going from strength to strength.
Not sure how long it will run for - but might be worth setting an alert for a pull back - OR - have a look around in the same sector for a copycat style trade - see who else is running.
See my post below for how to find copycat trade ideas.
WHC:ASX Feb 3, 2023 Use Zig Zag & Pitchfork to Project PT This is my first use of TradingView and I would welcome feedback on this post. I invest for the medium to long term for both capital gains and dividends to fund my retirement.
I am Long WHC:ASX from December 2022 on advice from an advisory group that selects 5 shares from the Top 100 ASX (Australian) shares with investment adjustments made on the 1st of each month. They advised to Sell WHC on Feb 1, but based on my chart reading and indicators, I believe there is a high 86% probability of a Higher High PT of $11 - $12, so I remain Long WHC from my currently negative 14.7%.position.
Unfortunately I have not mastered placing Notes on the Chart, so the post could be more specific, but I believe Price is near support, and based on the Pitchforks that price is likely to retrace to the top of the ascending Pitchfork
All views and thoughts are welcome, but I know I am responsible for my trading decisions.
$WHC watching waitingWHC 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 lower maybe below a Key Previous Macro ATH and 2010 ATH..
If this happen il be looking for a reclaim of these levels along with keeping an Eye on Newcastle Coal Futures for a similar setup.
This is the trigger and plan and it a macro swing trade so could take weeks or even months. Either way,, all we do it wait and look for more ops
ASX Trading (by Trades)As you can see, I have temporarily modified my bio as I am trying something new.
As currently offered by platforms, volume is a total value of all trades and does not provide specific information on the size or direction on particular trades.
This granularity is used by banks and investment funds who keep track of competitor investments.
ASX Block Trades are generally only available through the Bloomberg Terminal with an addon (extremely expensive).
I have developed this tool on TradingView which uses the Volume to project potential block trades and the direction of price change to derive the underlying direction of the potential trade(s).
However, I have made the effort to acquire direct access to the ASX data feed to get this data.
Someday, TradingView will have the functionality to integrate my external feeds into the platform, but for now - the curreent state of the Block Transaction tool is all that is available on this platform.
Regards,
Grant
Whitehaven Coal Limited about to correctThe exponential grow will eventually comes to a halt. With the ease in oil prices and possibility of FED pivoting, the smart money will pull out of this ticker and resume the other pumps.
Soon or late the green guys will resume fighting coal again, when the dust settles!
The recent peak has not brought RSI up with it, forming a clear bearish divergence between price action and RSI.
If you are a retail and just want to enter this ticker for a long, be very careful!
I am calling for a short position with the following TPs:
Entry: Around 10$
TP1: $6.5
TP2: $5.5
Do your own reasoning before opening any positions. This is not a financial advice.