METC double bottom playing out - still earlyOn the chart, we can see that METC has formed a double bottom , and is showing bullish movements already.
RSI is showing bullish divergence and crossing.
It can be entered either at the
breakout point or at the current strong support level .
The first target is purely based on the forming of the setup (TA), while the second target is at the resistance level .
More details are shown on the chart
Good luck!
METC trade ideas
A LONG idea for this stockThis stock seems to be accumulated even when the markets are down. It seems like it has strong relative strength against the general market. More over it seems like it experiences growth in the last earning reports.
Here is my long plan for the next 1-4 days. If it hits my buying point I will probably be in.
IMPORTANT: I'm not an expert and that's only my personal opinion. The risk is big :)
METC STRONGER THAN NASDAQ
FUrther Comparative ANalysis
Between METC & NASDAQ INDEX
Based on my point of interest, it can be conclude that METC for now is stronger than the Market
BUt if we look as a general Point, Nasdaq Is stronger than METC
Trading Strategy :
If this is a Trading range, i plan to ride the Automatic Rally which will end approximately around $17.75
Ramaco ResourcesChart pattern: Bull flag
Entry: Immediately
Stop: 3.55$
Target: 6.40$
Stopmanagement: ATR Stops daily chart default settings
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1 Fibonacci extension of the former impuslive move.
Ramaco Resources bouncing back down; continuing downtrendThe price of Ramaco Resources has been on a downtrend for several months now and it looks like that will continue for the near future. The MACD just crossed below the 9 EMA, the RSI 14 is still a good bit away from being oversold and after being rejected by the 200 SMA and crossing all SMAs back down again, all signals say sell.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
METC - Bullish Run Possible If BreakoutRamaco Resources, Inc. engages in the operation and development of coal mining properties. The firm deals with metallurgical coal in central and southern West Virginia, southwestern Virginia, and southwestern Pennsylvania. Its portfolio consists of Elk Creek, Berwind, RAM Mine, and Knox Creek. The company was founded by Randall W. Atkins in August 2015 and is headquartered in Lexington, KY.
P/E Current
6.37
P/E Ratio (with extraordinary items)
6.00
P/E Ratio (without extraordinary items)
7.95
Average Recommendation: BUY
Average Target Price: 7.69
SHORT INTEREST
494.2K 08/15/19