WHC 0.65% $7.72 whitehaven coal limited

Really heavy resistance at $8.40, turbulence was expected there....

  1. Nez
    549 Posts.
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    Really heavy resistance at $8.40, turbulence was expected there. Right now support is around $7.65. If it pushes through $8.40 and holds the next barrier is $9 - $9.70 area, possibly before that at around $8.85 ($8.85 completes the head and shoulders reversal pattern). If the current trend continues the above levels will be hit in the coming 3-6 months.
    .
    If S*!% goes south next couple of weeks, lower support numbers are $7.40, $7.20 & $6.95 is absolute bottom. 10, 20 & 40 SMA's are fanning up and moving into trend formation hence my $7.65 support at this stage. Just my musings. GLA. Cheers.
    .
    https://hotcopper.com.au/data/attachments/5905/5905566-84f945a68fee04041a358749211b1fc4.jpg

 
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