Looks like the interest in the Coal ETF is continuing.
If KOL it continues up (breaking $19.50) and then breaks the next resistance at $20.50, IMO sentiment can be safely assumed to have changed for the better for Global Coal Equities.
As a first step, bettering the high achieved on the 30th July ($19.50, the red candle) will be a good first step.
IMO KOL's bounce back after the sell off on July 30th looks quite encouraging.
Daily Chart
Weekly Chart
BMB Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held