After a 12 month, ~35% retracement, coal miner ARLP appears to be setting the stage for a continuation of the bullish trend that began in October 2020. After ARLP found a corrective low on a partial channel retrace, a nested bullish channel emerged, breaking to the upside simultaneously with the bearish channel that contained it. Volume is expanding to confirm...
Descending Broadening Wedge or a Megaphone structure I think the price is breaking out with the breakout being the right shoulder of an inverted H&S structure This breakout finishes the megaphone/wedge structure Bullish on this Weekly
Coal stock in a strong uptrend with consolidation on lower volume Entry on ARLP at 21.31 1/4 size, look to scale in to 100 shares if price moves lower, will cut below 200 Day Moving Average, I'm using a 2x ATR on the daily which is around a 1.76 stop loss. 1st PT is 25.40 (Daily Pivot) then measure moved.
Went long starter on ARLP shares and APR 15 Calls seeing some volume. Nice breakout of falling wedge looking for $15.8 / $16 zone in coming month Stop loss $13
Nice 5 wave impulse done and dusted. We are going to correct on that now. Now in early phases of Wave A with plenty more time to collapse. What determines market action is not some announcement or some promise somewhere. It is purely determined by group psychology. This is a different entity to that of an individual's psychology. It follows rules that govern all...
ALLIANCE RESOURCE PARTNERS, L.P first of all, I'm sorry to publish this late but still possible to final target reachable after crossing the point of $12 the possible targets are $12.50 then $12.90 final target $14.10 Goodluck.
ARLP seems forming a possible bump & run formation. The best thing about it is the huge volume in the breakout candle that suggest the reversal of the trend. It is a bit speculative trade but seems a good long opportunity * Trade Criteria * Date First Found- May 6, 2018 Pattern/Why- Possible flag formation. Advanced Bump & run formation. Entry Criteria-...
ARLP was an intraday text alert sent out yesterday. It has a bear flag formation & It had done really well so far. Hit the entry this morning & it seems very good short setup. * Trade Criteria * Date first found- June 21, 2017 Pattern/Why- Bear Flag formation Entry Target Criteria- Break of $18.50 Exit Target Criteria- 1st Target $17.14, 2nd Target -...
Ladies and gentlemen, I recommend you the idea of the pair trade: 1. it is long position in the company OCIR (OCI Resources LP) and short position in the company RIO (Rio Tinto plc). 2. it is long position in the company OCIR (OCI Resources LP) and short position in the company ARLP (Alliance Resource Partners LP). Stocks of the company OCIR are stronger than...