WHC 1.11% $7.26 whitehaven coal limited

WHC has been a great lesson. In Jan / Feb a large holder was...

  1. 2,171 Posts.
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    WHC has been a great lesson. In Jan / Feb a large holder was selling out of a stock in a hated sector just as the company was turning around.

    I wish others would chuck in a chart as I still have little idea.

    The 1 year weekly shows a very wide spread on high volume finishing near the high. This is supposed to be bullish?! There was a golden cross (20 & 40 wk moving ave) 3 weeks ago that may have resulted in the recent buying? or people getting set for the quarterly (like the previous one).

    WHC 1yr weekly 15July.JPG
    The daily (3 months) shows a gap at ~1.37 and no real supply coming in yet. You would think it would retrace, take a breather and fill that gap.
    WHC 3month Daily 15July.jpg

    Possible future resistance levels form the 3yr chart (weekly)? There is a potential level around 1.72 set back in Feb 2015.

    WHC 3yr weekly 15July possible resistance areas.jpg
    Well done on all those that have held all through 2016 - "let your winners run" !

    @Tradergimp any input?
    Last edited by Resurgam: 17/07/16
 
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