it took a lot of buying power to reduce the Supply of sellers at $8... but now we are through and should continue to run to $9 which will be our next strong resistance level.
Strong resistance is generally found at round numbers .
Of course I'm not saying that strong and improving fundamentals are not continued major drivers ...such as hopefully the Blackwater mine restructuring process which should inject a substantial cash sum from equity sales of 20% or even 30% and of course the added sales of coal from the purchased mines.
We await the conclusion of the contractual process and hopefully a welcome result!!
WHC Price at posting:
$8.28 Sentiment: Buy Disclosure: Held
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