Emirhanhmc

AMR Fib. Expansion. Next Resistance Level 457.80$

Long
Emirhanhmc Updated   
BATS:AMR   Alpha Metallurgical Resources, Inc.
After pullback, security has lost its value approximately %20 but that was pullback. It has happened with gap in daily chart. 07 August 2023 Symmetrical Triangle resistance was broken and second pullback can occur 457.80$ level. At the end of this week, we have to close this security more than 340.65$ level and it will be our support line.
Comment:
ADX is decreasing and Upper trend is losing its power. It is time to quit from position. But ADX can break resistance line and Upper trend can gain power again. Wait for now.
Comment:
Last week Support Line was broken. I applied 2 moving averages which are 5(red one) and 20(green one) period on prices. Red one cut green one below and it is sell sign.
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All indicators' resistance lines were broken yesterday.
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