Alex_Quiroga
Long

Bullish Coal Futures = Mineral Companies (#2 NPR)

NYSE:NRP   NATURAL RESOURCE PARTNERS LP LIMITED PARTNERSHIP
First of all, wait for a price pullback around the 30.00 or some price consolidation above 30.00 area this takes some weeks be patient dear reader.
Targets?
The first target for a swing trade can be around 39.00 (Not 40.00)
The second target for a Position trade can be ? ?
A objective based in past support and resistance levels looks too dreamer and this need to be accompanied with fundamental analysis for part of a team in the Fund
Technical analysis is very good for entry points but do not think that this is astrology
I use Technical analysis but I respect the job of fundamental analyst in a firm because savvy investors do not put money in an idea only because, I draw some lines and I try to convince they that the price in the future can reach that level .
Alex ( may I call you Alex?). I have a love hate relationship with this stock. I bough a lot at near the low then sold it for a small profit before it went up 300%. Left a bad taste in my mouth. I agree it has great potential. I favor it may go a little lower than you expect before going up again since there is a negative reversal in the weekly RSI. Take care. Best to you.

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