if ACI is about to finish wave 2, we are not allowed to dip below all time low of 2.38!
Arch Coal based nicely from July 2013 to April 2014 and then pulled back 30%... I think it's almost time for a long black train to comeback into the station. If natural gas has any price or supply issues this winter coal will roar back. It's that time of year to start thinking about winter which is a few months away. Coal is still hated but needed and will not go...
Arch coal will need some momentum into to next week or it's more of the same old bucket of coal we've seen in the last year. MET coal has been moving up but not thermal coal for some reason. Below is an example of how an indicator showing an overbought Stochastic but not a RSI can crush price. I do feel coal although not loved its very needed. It will be many...
The cash flows of the company to me are just really inexpensive right now. 2.99 per share times 100. That equals out to 299 dollars before the bid/ask and commissions. Thats $299 to own a piece of a 740 million dollar cash flow. Yes i know this has the making of a penny stock scheme, however this company has been around since 1998 for atleast on this chart...
Arch coal is getting a little lift here today as it reports earnings . It could not be more timely as price nears an all time low. For supply and demand technicians, this will be one to watch.
If we are about to finish a major multiyear low as a wave 2 then we should have an uptrend for next few years ahead of us! Stop by all time low of 2.38.
Will ACI pivot here? The weekly chart and RSI history of this coal stock could be interesting at this juncture? Buy or pass here?
ACI - Complex H&S Bottom - not the strongest of hsb's with not all but some strong indicators thepatternsite.com
Weekly Chart. RSI gaining strength while not being overbought at 57. 20 + 50 weekly MA to cross.
Commodities have been breaking out all over the place this year, but coal has missed the party. every analyst has something to say about why and when coal will break out, and while I do agree for some extent, the truth is pretty clear, miners are severely undervalued even when taking into account low coal prices. Technicals: 1. We have a strong base where 10wma...
Waiting for confirmation of a swing if price breaks below cloud and trendline below resistance of 4.32 for lower low