Consol Energy - 30d expiry - We look to Buy at 63.75 (stop at 60.75)
We are trading at overbought extremes.
Previous resistance at 64 now becomes support.
The previous swing low is located at 63.32.
Bespoke support is located at 64.
We look to buy dips.
Expect trading to remain mixed and volatile.
Our profit targets will be 70.75 and 72.75
Resistance:...
Consol Energy - 30d expiry - We look to Buy at 58.22 (stop at 54.91)
Levels below 58 continue to attract buyers.
The primary trend remains bullish.
There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 57.52.
We look for a temporary move lower.
Short term momentum is bearish.
Early pessimism is...
try and be patient with this one. Geopolitical headlines will move it fast in this thin volume topping structure.
await a run up near 60 and then play for downside
strong fundamentals:
finviz.com
Greenlight Capital also discussed CONSOL Energy Inc. (NYSE:CEIX) in its Q2 2021 investor letter. The fund said:
“Thermal Coal and Natural Gas
ESG investing is...
Consol Energy, which I wrote about in the beginning of October, has not only risen above its all-time high at $28.27, as I was expecting, but also gained even more than 30% jumping to $36.23. Shares of the coal producer were rising within the upward channel rooted on April 30 and the upper margin crossing $29.40.
A breakthrough of the price above the upper margin...
