(i) There is a cup and handle formation. (ii) Price bounced from a key support level with multiple bottoms (125 price region). (iii) On 1 September 2023, price gapped up. (iv) Squeeze Momentum indictor on daily chart has turned dark red from red, showing decreasing bearish momentum. On weekly chart, it has just turned green, showing increasing bullish...
Arch Resources, Inc. produces and sells metallurgical products. As of December 31, 2022, the company operated seven active mines High shareholder yield Significant return over the last week Cash flows can sufficiently cover interest payments Prominent player in the Oil, Gas & Consumable Fuels industry Citi analyst raised the price target on Arch Coal to $200.00...
I annotated the chart for Arch Resources ($ARCH) and identified several key phases on the chart that indicate important levels. One interesting aspect of the chart that I learned from this analysis is the similarity between the uptrend in the price of the stock and the change in its relative strength. These trends could potentially be useful in informing my...
Broke box and retraced. Today Friday 26/08/2022 is a buy above high SL yester low or $162
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This seems like a really good opportunity to buy the dip for ARCH :) The overall mineral industry is really strong and holding up really well. We are also seeing support from the 65 DEMA along with overside according to linear regression. Good luck and stay safe!
$ARCH this monster #coal stock could be ready to get some fire under it tomorrow. Looks ready to rumble.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
Heavily shorted and increasing short float. Lower market cap for an optionable asset. Before May 20th, we could see an increase of at least 100% (ATM option price) as some shorts cover. Using options so time is the only SL.
buy above 156 on weekly chart there is pole flag pattern. hence 156+50= 201 target stop loss of 131
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price. Entry Price: $150.80 Target Price: $155.12 Stop Loss: $143.60
The asset has now arrived at the end of a bullish cycle. The weakness in price is visible below our bearish bat pattern. this is a worthy setup to the following targets.
Many names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is...
$ARCH broken out of DTL and hovering above AVWAP. what is interesting with this name is how it is holding its support range and the relative strength it has reflected during the mid month correction
breakout of the bull flag with R:R of 1:4 please DYOR
ARCH could see a quick rise to around $80 before Aug 20th. Heavily shorted and on the rise.
Stock has been in a range with a contraction in volume. Has held the 23EMA well on last retest. Waiting for this stock to break the $68.38 area to move to 52WK high. Has broken a RSI since run up that started in Jul-21. Had a inside day on Friday on very low volume. Would like to get involved with this name around the $66-$65 area with stops near the $61.50...