BULLISH Probability - Intermediate trend bullish, Unsustainable downtrend, may turn sideways. Probability - Oversold, odds favor long trades. Probability - Short term typical pullback, pullback may start to slow. Confirmation - Strong bullish 3 day chart pattern with Strong 3 day accumulation. Confirmation - at support
TRADE QUALITY 100%, Excellent High trade quality is a combination of good profit, profit/loss ratio and target potential.
TARGET 2 Price: 11.35 Profit: 34.5% , Profit/Loss Ratio: 5.9 : 1 - Excellent for an extreme rally.
CURRENT PRICE 8.44, at support, 8.36 ± 0.46, type single, strength 8
RESISTANCE ABOVE +23.9% at 10.46 ± 0.58, type single, strength 5 +34.5% at 11.35 ± 0.62, type single, strength 3 +65.3% at 13.95 ± 0.77, type double, strength 10 +85% at 15.61 ± 0.86, type single, strength 8
You should have waited for it to level off. These coal stocks weren't gonna spike up real fast, so there was no hurry. Look at the chart. It has leveled off. You bought too soon. It may take a year to get back to that number.