I'm noticing quite a few bullish trade setups developing in the left-for-dead coal stocks. This video covers the charts of some of my favorites, along with general entry levels (buy triggers) and price targets. As discussed in the video, many of these coal stock are just coming off very strong runs, most into key resistance [...]
In getting back up to speed following the holidays, I am spending some time in cleaning up the trade ideas by removing any trades that have exceed their suggested stop criteria or no longer look very attractive from a R/R perspective. Most of the trade ideas in the Active Trades- Long category look fine for [...]
YZC (Yanzhou Coal Mining C0) has pulled back to support & could provide an objective long entry or add-on. Consider a stop below the 9.10 area (or higher, based on your average cost). YZC was added as a Long Setup on Oct 21 with a buy trigger for only a partial position on a move [...]
The YZC (Yanzhou Coal Mining Co) long trade setups has triggered an entry today on a break above 10.75. Next entry or add-on will come on a break above the downtrend line which is also the first price target. Updated daily chart: Click here to view the live, annotated chart of YZC.
YZC will trigger a long entry on a break above 10.75. With downtrend line resistance not far overhead, my preferred strategy would be to take a partial position on the break above 10.75, adding to a full position once/if the downtrend line is cleared. Daily chart shown. Click here to view the live, annotated chart: