The ANR (Alpha Natural Resources) Active Long Trade has formed a bullish pennant continuation pattern around the T2 area. An upside break will likely be the catalyst for a move towards the next target level. NOTE: A new price target (T3) at has been added at 8.97 with the previous 3rd & final target now T4. Price targets are added to levels where the odds for a reaction (pullback and/or consolidation) are likely. Shorter-term traders might prefer to book partial or full profits at one of the earlier targets while longer-term traders might prefer to hold out for the higher price targets. Very active traders might use the various target levels to micro-manage their trades (e.g.- reverse from long to short as a target is hit, thereby booking profits on the long trade and going short for a quick pullback trade, assuming that the charts confirm a pullback is likely). Updated daily chart:
