Posted by frtaylor on 27th of Jun 2012 at 03:37 pm
WLT looks pretty interesting here. Hammer candlestick
yesterday, positive MACD divergence. Just below the 9 ema at
the moment. Daily vol below ave, though, so maybe just a
quick trade? Would love to get another opinion.
possibly happening) and retraces to the 23 or 38.2 fib (
from March's top) then who knows what might happen to the beaten
down coal stocks. They might explode. You might be on to something
here.
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WLT - a buy?
Posted by frtaylor on 27th of Jun 2012 at 03:37 pm
WLT looks pretty interesting here. Hammer candlestick yesterday, positive MACD divergence. Just below the 9 ema at the moment. Daily vol below ave, though, so maybe just a quick trade? Would love to get another opinion.
It's a pure play coal company. Chart may look good
Posted by tomW1 on 27th of Jun 2012 at 03:43 pm
but hard to see any fundamental reasons to buy for more then a very quick trade. imo
yeah, maybe good for another
Posted by frtaylor on 27th of Jun 2012 at 03:46 pm
yeah, maybe good for another day's follow through. I bought a little at 44.45 on the intraday dip. Probably sell first thing tomorrow.
Frtaylor, if crude finds a bottom and reverses (seems to be
Posted by tomW1 on 27th of Jun 2012 at 04:36 pm
possibly happening) and retraces to the 23 or 38.2 fib ( from March's top) then who knows what might happen to the beaten down coal stocks. They might explode. You might be on to something here.