With a exploding coal price, caused by gas price and shortage from russia, this stock looks very cheap.
Since it is a china stock, it suffered with no real reason by the last issues on real estate and tech crisis in china, but this company mining coal and deliver power to the chinese economy.
Seeing a explosion of the price in coal: tradingeconomics.com
This...
Hi friends
the weekly chart of this market shows that it will experience a downtrend but also we must be vigilant of the change towards the opposite direction
please subscribe to receive more analyzes
A stock that's moved 90% up from lows which is a 1.414 Fibonacci retracement on the monthly and a nice gapup on the weekly shows me this is a bullish recovery reversal. Although understandable that 19.46 will act as temporary resistance, the more this stays above 18, I will see a persistence for this to go as high as 23-27 in the next year or so :)
