AMR and 
CEIX are leading the coal move. CEIX is the preferred one to get in as it has superior earnings. https://www.tradingview.com/x/LD9WMLHG/
AMR https://www.tradingview.com/x/bLG8eqBk/
Reasoning
- Whole Industry is moving!
- Consolidation seems done
- Correction is not overextended
- Good Relative Strength
- Great earnings
- RSI tested bullish range multiple times
- Multiple Bullish Days
- Always try to use 2 timeframes
My Would Be Trade Plan
- - Try to get into 3 stocks in the sector that are moving. You MUST enter the leading stock CEIX because the leading stock always moves 50% more than the second stock in sector
- - Initially risk 0.75% and then double position once stock moves 5% in your favour. (1.5% position)
- - If Position moves 20% in less than 15 bars, sell at 7ATR from initial buy ELSE Sell at 4ATR from initial buy
- - Raise stop to entry when stock is 10% in your favour
Main Sources of My Knowledge
- Mark Minervini
- Constance Brown
- William O'neil
- Speakers on Trader Lion Youtube
- Adam Khoo
My Indicators
14 Period RSI.
- 9SMA and 45EMA Moving Averages added
Composite by Constance Brown
- This is for catching failures in the RSI.
- The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that
- Composite Settings
- Author : Constance Brown (Connie Brown)
- RSI Length : 14
- RSI Momentum Length : 9
- SMA Length : 3
- Fast Simple Moving Average : 13
- Slow Exponential Moving Average : 33
Note
Add on symbol HNRGNote
Closed my positionsProfited on AMR(4R), CEIX(4R), HNRG (1R)
Lost on BTU (-1R)
🎯 Claim 2 Free Trading Systems: Investor's Pattern Playbook & The Swing Trader's Gap-Up Strategy
💰 Recent Winners: APPS +250%, NVDA +200%, SMCI +240%, HIMS +60%
👉 profitpunch.org
💰 Recent Winners: APPS +250%, NVDA +200%, SMCI +240%, HIMS +60%
👉 profitpunch.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎯 Claim 2 Free Trading Systems: Investor's Pattern Playbook & The Swing Trader's Gap-Up Strategy
💰 Recent Winners: APPS +250%, NVDA +200%, SMCI +240%, HIMS +60%
👉 profitpunch.org
💰 Recent Winners: APPS +250%, NVDA +200%, SMCI +240%, HIMS +60%
👉 profitpunch.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.