RNO (Rhino Resource Partners) has now hit the second and final target for a 15.4% gain from entry. Consider booking full profits as this trade will now be considered completed. 60 minute charts in order as posted below.
RNO (Rhino Resource Partners) has hit the first target in less than one trading session for an 11% gain. Consider booking partial or full profits, depending on your trading plan. T2 remains my preferred and final target at this time.
The RNO Long Trade Setup posted last week has triggered an entry on a break above the descending channel. I also wanted to point out that going forward, many of the static charts will list both the suggested target level as well as the actually resistance (for longs) or support (for shorts) level. TC2000 just added a new feature to the latest beta version update which will automatically add the exact price level of a horizontal line. As many of the price targets that I use are based off horizontal support or resistance levels, I find this to be a very [...]
RNO (Rhino Resource Partners) will trigger a long entry on a break above the descending price channel as shown on this 60 minute chart. RNO was a recent Growth & Income Long-term Trade that was stopped out on a weekly close below the larger falling wedge pattern shown on the 2-day period chart below. All posts associated with that trade have been moved to the Completed Trades category and RNO will now be added back as a new long setup (a swing trade most likely lasting anywhere from 1 day to a few weeks) with an entry to be triggered on [...]
This video covers all 8 of the coal stocks in the Active Long Trades category as well as the Dow Jones US Coal Index ($DJUSCL). Following the discussion of the $DJUSCL, the coal stock trades are covered in the following order: ANR, BTU, CLD, CLF, KOL, NRP, RNO & WLT (for those wishing to skip forward to a particular trade).
The RNO (Rhino Resource Partners) Long Trade/Growth & Income Trade Idea posted on Oct 21st went on to make a confirmed break & close above the multi-year downtrend line on Oct 23rd, thereby triggering an entry. The breakout was accompanied by above average volume (I typically like to see volume of 1.5x or above average volume on long-side breakouts), which helps increase the odds that the breakout will stick. Since then, this high-yielding coal stock has managed to successfully backtest the trendline from above during every trading session including a successful tag & bounce off the trendline at today's lows. Although [...]
Here's another coal stock setting up for a possible primary trend reversal. Rhino Resource Partners (RNO) was passed along from Dax at TheStockFox.com. RNO will trigger a long entry on a break (and preferably a close) above this multi-year downtrend line. With a current dividend yield of 13.90% and about a 26% gain potential if the final target (T3) is hit, RNO will also be added to the Growth & Income Trade Ideas category (which is a sub-category of the Long-Term Trade Ideas). Stops TBD upon entry. 3-year static daily chart shown or click here to view the live chart.