Today stock has given breakout in C&H pattern with good volume confirmation.
Stock has finally surpassed 161 hurdle and able to close above it with 162.65 price.
One can go long with SL of 143 and target of 190.
Apart from this Coal india's result is on Monday and hope that result will be on favourable side.
If any one want to go with more security than one...
The coal has a high chance to make all time high this time. My forecast it can reach US$ 131 or around it. But it will take months from now to make it happen. My focus now is for the next weeks till June 2021, coal apparently will go higher. Though, market will undergo a slight correction but not deep. The target for this upward coming is around 108.45. The...
Model has given entry signals for Arch Resources:
- Arch Resources, previously known as Arch Coal, is an American coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources is the second-largest supplier of coal in the United States, behind Peabody...
One commodity that I follow regularly is coal. For the reason, it influence a lot with mining stocks. The bearish trend of coal ended on Nov 2020 last year. Strong support that holds this market is 71.81-70.41. After breaking out that zone, price consolidating and forming box range corrective structure. For the last 14 weeks, price moving inside that box zone....
Here is my analysis for Adaro Energy . Technically, ADRO is still in an uptrend indicated by a higher high has been formed.
I'm looking for a lower high which is quite interesting because there is a high traffic area indicated by a multiple demand area (green zone).
Kindly do your own research and use money management while entry this position.
Coal India Ltd.
Not a lot to say, but for those who are stuck at top.. don't loose hope.. Time is coming.
Wether it will start a new and and its first Bullish structure or just a corrective one, that time will tell. However one thing is for sure. It will reverse and rebound for sure.
COAL INDIA SHOWING WEAKNESS AT 136.55
SHORT FOR TARGET OF T1- 128 T2- 124 ( TRIPLE BOTTOM FORMATION AT 136.55)
SL ABOVE 137
IF THE PRICE SUSTAINS ABOVE 136.55 GO LONG!
FOR TARGET OF T1- 140 T2- 145 ( LOOK FOR WEAKNESS/ STRENGTH NEAR THE YELLOW TRENDLINE ).
KEEP THE PRICE ACTION IN MIND AND TRADE ACCORDINGLY.
Coal India has been very bearish on Daily time frame and is not able to give price action movement of bullish nature. Thus a recent break of support line and testing its once it is now going to test it second time, though the prob. falls in the second time for retracement but still a price action confirmation can lead us for a short entry.
Broke the support. You have no idea how low this thing can go. Coal business is dead and will be dead for the next 100 years. Stay of commodities that have no future but had a good run. Get into commodities that have to do with green energy because thats where the next 100 years is going to be.
Project going forward.
Ncondezi will receive between $40m-$60m for back costs & development depending on final tariff agreement
JDA signed with GE & CMEC
Higher low set & should head north from here on swing up.
Fundamentals intact & once tariff agreed and numbers are shown this will do most likely 300-400% in a day!
I bought a few times so have average about...
Whitehaven Coal approaching key support level. Will it hold?
Fundamental is not looking good due to labour shortages and bushfire disruption.
It is below all moving averages and other technical indicators are showing it most likely to go lower towards the key support line of $2.49.
Not financial advice but If I was holding, it is time to sell and buy something else.
"Speculators are people with better than average foresight that step in as buyers when there is an excess in supply, store commodity, and then release the commodity when there is a drop in supply (or rise in demand)" (Nicholas Kaldor, economist)
Here, there is the possibility of profiting from having this better than average foresight.
Simply looking at the truth...
Around €10.000.000 marketcap, 138 million total outstanding shares, an all-star team (probably the best for a smaller company) and 200-400 million lbs of uranium below their feet, while sold the biggest US based uranium resource in history for about €1.250.000.000 (more than 120x enCore’s current value). I’m truely obsessed by this company and having a big stake,...