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Market Structure break on $WHC
WHITEHAVEN COAL LIMITED
Long
Market Structure break on $WHC
By warhog
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Updated
Jan 12, 2022
4
1
1
Dec 22, 2021
Coal has a fundamental demand with a strong technical uptrend.
Current drop from recent highs of $3.6 looks ready to resume with strong support at $2.3.
Fundamentals: N/A
Technical: Support @ $2.3 and break above market structure at $2.6
Starter was taken at $2.3 now at full size with break above $2.6.
Target: $2.75 - $2.80
Jan 12, 2022
Trade closed: target reached
Fundamental Analysis
warhog
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