AndyTheKing

WHC - Walk it up to value high (300%+ long term)

Long
ASX:WHC   WHITEHAVEN COAL LIMITED
Using the volume profile (VPVR), we can see confluence between the 2009 swing low and the bottom of "value". This immediately gives two reasons to signal that the tide may have turned in favor of the bulls.

The value high @ $3.845 lines up with the midpoint (50%) of the entire chart, which gives extra validity to that price level acting as significant high timeframe resistance.

Learning how to spot confluent factors to help frame your trades/investments will give you a significant edge over the rest of the market, making TA an incredibly powerful tool!

Good luck!

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