AngusMcK
Long

$SMR - STANMORE COAL - Testing resistance again

ASX:SMR   STANMORE COAL LIMITED
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1
$SMR - STANMORE COAL - Testing resistance again

Looks like it is setting up for another attempt to push through. Has some better volume signals behind it this time. Might be worth a watch.

Stanmore Coal Limited (SMR) is a mineral exploration company, focusing on the exploration and development of export coking, PCI and thermal coal deposits within the prime coal bearing regions of Eastern Australia.
Comment: Nice little 9% run so far.

Comments

good call Angus, textbook pull back to 1.310 or thereabouts on the 8th.

How does it compare to other collieries..., do they still call them that ??
https://tradingeconomics.com/commodity/coal
Wish I had that ride from the same time last year.
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Looks pretty high.
Flattened out today.
Looks like distribution at this point.
Coal futures look flat atm, just saying.
Just my thoughts.
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@gheli, agreed. Not doing much at the moment. Seems to be using the EMA (20) and (50) as support thought which is good.

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@gheli, 9% up after a couple of days including a retest of support so fingers crossed it keeps going in the right direction :)
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gheli AngusMcK
@AngusMcK, Probably should have put reply here...Duh!
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