Welcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at ASX:WHC ...
I believe this code is at a point of potential volatility.
If price can hold below $6.79 ... Bearish potential may be unlocked.
My key downside targets include:
- $6.27 (Conservative)
- $5.63 (Medium)
- $4.88 (Aggressive)
...
WHC has been a good ran from $7.26 to nearly $8. However, Market didn't see its potential.
It dropped out of ascending channel with poor earning. Its good company which mining Coal. It might go sideways if it's being supported by its price action. There is still a chance to go up as over all trend still sits above 200 MA.
Risk Managment: account size needs to be...
WHC is good energy stock. Trending up. All 5/10/20/60 MAs are in line to build the Wave. MACD is above 0. A strong and positive wave which hopefully will bring Santa to US.
ASX:WHC BLACKBULL:WHC.AX
Blue Box = Magnet imo..
#Coal
Sell side liquidity taken, swept 2018 ATH and the breakout range in (Green).
Like to see it hold above 2011 ATH (blue box) and get back inside the range marked with Black lines,
Whitehaven Coal has printed a Cup and Handle pattern as seen on the CHART.
This is a Bullish signal.
Also the upgrade by MS will help.
Use Stop Loss management to preserve your capital.
Smash that Rocket Boost Button if you appreciate my Chart study.
Invest well.
Regards Graham.
WHC is trading this range since Feb 2003 which is starting to look like a Wyckoff accumulation YET TO BE CONFIRMED.
Confirmation for me would be if price traded back above the Mid Range of this zone. And trigger for long is marked on reclaim of Mid range. Let see,
If NOT
Then looking for price to trade back around the range low and move away from...
Whitehaven Coal just keeps going up and up. I keep waiting for a pull back but it keeps going from strength to strength.
Not sure how long it will run for - but might be worth setting an alert for a pull back - OR - have a look around in the same sector for a copycat style trade - see who else is running.
See my post below for how to find copycat trade ideas.
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...
WHC ran out of steam and couldn't take out the previous high,
Looking like it needs to "recharge" which in stockland world mean it needs to shake the fark out of the weak Coal Tourists make them sell scoop up the liquidity then run it past the highs.
If it breaks below range low marked on the chart approx 7.76 this will trigger a cascade of stops pushing price...
Has coal reached the top or is it on the decline. The only point I can see in this chart for a possible entry is the MA crossover (circled). Otherwise, has the distribution cycle started or is there more to come?
As you can see, I have temporarily modified my bio as I am trying something new.
As currently offered by platforms, volume is a total value of all trades and does not provide specific information on the size or direction on particular trades.
This granularity is used by banks and investment funds who keep track of competitor investments.
ASX Block Trades are...
Been holding since Q122
FED tightening and supply side issues, ESG, huge run up,
Don't particularly want to sell, thesis was to hold for atleast 2-3 years. I didnt expect a 200% increase in several months + dividends.
Buybacks coming in.
taking the coffee can approach here..
