It isnt pretty, but the set up seems to be

/8 Comments/in /by

Nov 12   10:00 A.M. Eastern  

 

  I am pretty focused on the Metals & Miners recently, but If you missed the run up in COAL and wanted to get in, it may be setting up for another leg up after a recent pause. These 3 charts show that the recent pullback is nearing support and could offer a low risk entry, because your stop is safely below support areas.

WLT

 

And also ….

 

 

BTU

BTU

 

ANR

ANR

 

I have NOT checked when earnings are to be released  ( I will do that now  & update this post in 10 minutes or so). 

Look at PLUG– that was a nice bullflag that got KILLED at earnings…so as always,  due diligence is important!

 

PLUG

 

EDIT  UPDATE :  Earnings on all 3 of the above stocks has been released in Late October.  The news is out and the charts look healthy. Best wishes

8 replies
  3. bhowe
    bhowe says:

    Looks good Alex, although I don’t think as good as Uranium and Gold. Also, Obama and the premier of China have agreed to curb greenhouse gases 35% by 2025. An attack on coal, imho.

  4. bhowe
    bhowe says:

    Looks good Alex, although I don’t think as good as Uranium and Gold. Also, Obama and the premier of China have agreed to curb greenhouse gases 35% by 2025. An attack on coal, imho.

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