This is more information that was said...
I just wanted to back a few of the boys in here on a coal play they have been trading
the range on the last few months. I have done my own longer-term charting analysis
and think it is a standout speculative play.
Firstly, let's take a look at the chart below. It is a 5 year weekly candlestick chart that
shows the downtrend it, and the broader market were in throughout 2007 and 2008
falling from its high's of 25c in 2007, to its lows of roughly 4c April/May 2010. Since
then it made a strong break of this downtrend in July and, at this same time, the
volume also really started to come back into this coal minor. CCC
Sorry I can't post the chart
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- another broker recommendation.
This is more information that was said...I just wanted to back a...
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