AsimMirzaTrader

YAL - Ready to take off?

ASX:YAL   YANCOAL AUSTRALIA LIMITED
YAL has been getting very well supported on the 200SMA and the consolidation is probably gathering energy to push higher. With MACD Bullish Cross as a confluence, I am bullish YAL and expecting it to move higher in the next few trading sessions. My trade plan is as follows:

TP1 - $2.45 (potential gain 7%)
TP2 - $2.55 (potential gain 11.5%)
Stoploss - $2.15

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

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