Hey all, a few fellow coal bugs are referencing the monthly chart I posted the other day. Here is the updated screenshot...
Tomorrow will close out the monthly candle & it looks like we are going to end up near the FINAL long term resistance from 2010 (Orange) which currently sits in the 5-5.20 region. I would suspect that some of the recent volatility/selling has come as a result of not just broader markets shifting people into cash but also the fact we are within 5% of this key structural level.
I would like to see follow through next month towards 5.50 so that we cleanly break above the resistance & into the top of the log channel as per the white arrow. This will buck the trend of the previous cycle highs & will propel us towards our $10+ "FMG 2019" style breakout.
As per the FA, it remains outragesouly positive & I feel extremely comfortable and somewhat excited to be a contrarian coal investor in amongst this ESG carnage. I am very much looking forward to an extension of the buy-back scheme along with a franked divvy (my opinion of what will unfold). The FCF generation is outrageous so buckel up & let's smash through all time highs later this year!
Target $9.36, page-241
-
- There are more pages in this discussion • 2,936 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.41 |
Change
-0.070(0.94%) |
Mkt cap ! $6.199B | |||
| Open | High | Low | Value | Volume |
| $7.47 | $7.53 | $7.40 | $18.11M | 2.431M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 68262 | $7.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.43 | 8767 | 1 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |