CTRA (Contura Energy) has hit the first price target* for a quick 2-day gain of 33% following yesterday’s breakout & buy trigger above the 4.94 resistance level (or 60% above where it was first highlighted 3-weeks ago in the Aug 26th video). Next buy signal to come on a solid break above 6.60.
While many of the trade ideas first highlighted a few weeks ago have broken out, rallied, & posted gains in excess of 20% since then, several have yet to break out but are close to doing so. NC (NACCO Industries) has crossed above the downtrend line although not impulsive nor on above-average volume so far. Watching for a break above yesterday’s high of 11.26, ideally on above avg. volume to help confirm the buy signal.
HNRG (Hallador Energy Co.) has triggered a buy signal on the breakout above the downtrend line although I’d like to see a little more upside on increasing volume in the stock before taking it to a full position.
*As ‘unofficial’ trades, the price targets shown on these charts are the actual resistance level where a reaction is likely upon the initial tag from below. Always best to set your sell limit order slightly below the actual resistance level(s) you are targeting on a trade as it is not unusual to see a stock reverse just shy of resistance if the sellers step in a bit early.