Whitehaven Coal Limited about to correct
The exponential grow will eventually comes to a halt. With the ease in oil prices and possibility of FED pivoting, the smart money will pull out of this ticker and resume the other pumps.
Soon or late the green guys will resume fighting coal again, when the dust settles!
The recent peak has not brought RSI up with it, forming a clear bearish divergence between price action and RSI.
If you are a retail and just want to enter this ticker for a long, be very careful!
I am calling for a short position with the following TPs:
Entry: Around 10$
TP1: $6.5
TP2: $5.5
Do your own reasoning before opening any positions. This is not a financial advice.
Soon or late the green guys will resume fighting coal again, when the dust settles!
The recent peak has not brought RSI up with it, forming a clear bearish divergence between price action and RSI.
If you are a retail and just want to enter this ticker for a long, be very careful!
I am calling for a short position with the following TPs:
Entry: Around 10$
TP1: $6.5
TP2: $5.5
Do your own reasoning before opening any positions. This is not a financial advice.
Comment:
In the money on this trade.
I am the defender of the retail against the wolves of the wall street