I’ve found several potentially bullish setups within the coal related stocks. This is a screenshot of the daily chart of KOL, the Market Vectors Coal ETF, along with a link to the live, annotated chart of KOL which can be viewed by clicking here. KOL has recently broken out & successfully backtested this long-term downtrend line. With horizontal resistance not too far overhead, my preference would be to take a partial position here, adding the second lot if/when prices move above R1 (resistance). Suggested stops depend on one’s average cost since this would be a scale-in trade.
KOL, along with several individual coal stocks, might be forming a lasting bottom here and as such, will be added to both regular Long Setups and Active Trades category as well as the Long-term Trades category. As I plan to post several long trade setups within the coal sector today and each setup required a separate post for categorical and archiving purposes, email notifications will be suppressed on the remaining individual coal stock setups.