ken47a

WHC:ASX Feb 3, 2023 Use Zig Zag & Pitchfork to Project PT

Long
ASX:WHC   WHITEHAVEN COAL LIMITED
This is my first use of TradingView and I would welcome feedback on this post. I invest for the medium to long term for both capital gains and dividends to fund my retirement.

I am Long WHC:ASX from December 2022 on advice from an advisory group that selects 5 shares from the Top 100 ASX (Australian) shares with investment adjustments made on the 1st of each month. They advised to Sell WHC on Feb 1, but based on my chart reading and indicators, I believe there is a high 86% probability of a Higher High PT of $11 - $12, so I remain Long WHC from my currently negative 14.7%.position.

Unfortunately I have not mastered placing Notes on the Chart, so the post could be more specific, but I believe Price is near support, and based on the Pitchforks that price is likely to retrace to the top of the ascending Pitchfork

All views and thoughts are welcome, but I know I am responsible for my trading decisions.
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