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...
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...
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.
Energy Sector XEJ looking good.
Whitehaven Coal looking good too.
From a TA point of view:
Broken downward trendline
RSI and MACD rising
I like it even more once the stock price can close above the 50 MA.
Keep it on your watchlist!
