Well, first of all Peabody energy up 4.7% overnight good look for coal stocks if it folds tonight!
so the volume has been dropping off as you can see at the bottom of the chart meaning sellers exhausted, there is a trend line but the candles are knocking at the door begging to break, once broken big volume will push it much higher, and the gap from dividen paid is huge they always fill, look at last ex div dates they leave huge gap downs, fist one filled second partially filled but market sentiment was in the toilet and I feel this time we are massively oversold, so this gap will fill and with a bit op coal upside movement we will fill the old gap upto $7
hope this helps
YAL Price at posting:
$4.87 Sentiment: Buy Disclosure: Held
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