Notes:
* Very strong up trend since October 2020
* Not the best earnings track record
* Broke out of its base that was forming since 2018 with higher than average monthly volume
* Retested that broken resistance several times on the monthly chart and bounced bullishly
* Formed a double bottom in the past couple of months
Technicals:
Sector: Energy - Thermal Coal
Relative Strength vs. Sector: 2.65
Relative Strength vs. SP500: 2.41
U/D Ratio: 1.17
Base Depth: 37.71%
Distance from breakout buy point: -5.22%
Volume 54.62% above its 15 day avg.
Trade Idea:
* Yesterdays session was quite bullish and isn't offering a low risk entry.
* Since the volume was high, we might be able to get in at yesterdays closing price and it may just move higher from here
* If you're looking for a better entry, the 54.04 area seems like a nice entry as it's a level of resistance that should act as support moving forward
* This stock usually has local tops when the price closes around 36.06% above its 50 EMA
* Consider selling into strength if the price closes 35.86% to 36.26% (or higher) above the 50 EMA...
* The last closing price is 14.44% away from its 50 EMA
* Very strong up trend since October 2020
* Not the best earnings track record
* Broke out of its base that was forming since 2018 with higher than average monthly volume
* Retested that broken resistance several times on the monthly chart and bounced bullishly
* Formed a double bottom in the past couple of months
Technicals:
Sector: Energy - Thermal Coal
Relative Strength vs. Sector: 2.65
Relative Strength vs. SP500: 2.41
U/D Ratio: 1.17
Base Depth: 37.71%
Distance from breakout buy point: -5.22%
Volume 54.62% above its 15 day avg.
Trade Idea:
* Yesterdays session was quite bullish and isn't offering a low risk entry.
* Since the volume was high, we might be able to get in at yesterdays closing price and it may just move higher from here
* If you're looking for a better entry, the 54.04 area seems like a nice entry as it's a level of resistance that should act as support moving forward
* This stock usually has local tops when the price closes around 36.06% above its 50 EMA
* Consider selling into strength if the price closes 35.86% to 36.26% (or higher) above the 50 EMA...
* The last closing price is 14.44% away from its 50 EMA
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
