TheMarketSource

Trying to Light KOL

Long
BATS:KOL   None
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I know coal is hate, but the chart is setting up to attempt a leg higher. Though equities appear to be changing trend downward, KOL looks to have put in it's bottom and could hold up well through the volatility . 61.8 retracement and price target coincide as shown on the chart.

Call option for Dec or Jan is a cheap way to try to snag a profit, or if target's hold, buying outright for a 3-6 month trade, maybe for your longer term accounts. Remember, if the rally fails, set your stops as coal can be deadly.

Comments

Ditto on the Romney move
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This is a Romney trade. If Romney gets the nod, it will definitely move higher
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