Honestly, i'm amazed anyone is shorting.
I'm not a chartist. But if i were, i'd be using this chart.
Prices are approx, but close enough.
The green point was near my main entry where the SP tanked on narrabri news, yet coal price was rising and closing in on excellent coal pricing of US$90-100.
Its been almost a year of US$100+ pricing. WHC is currently making 8x more than it did during the last peak, and yet the share price still hasn't exceeded the 2018 share price.
Yes the coal price won't remain high forever. But this is simply a money making machine at this point.
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