WHC ConsolidationI think this provides a perfect example of how keeping things simple can make things a lot clearer. Only a matter of time before we see a breakout either way but until then, price continues to print sideways as it consolidates. The range of consolidation alone is around 6-7% which provides some quick easy trades in the meantime.
Whitehaven
Whitehaven Coal Limited about to correctThe exponential grow will eventually comes to a halt. With the ease in oil prices and possibility of FED pivoting, the smart money will pull out of this ticker and resume the other pumps.
Soon or late the green guys will resume fighting coal again, when the dust settles!
The recent peak has not brought RSI up with it, forming a clear bearish divergence between price action and RSI.
If you are a retail and just want to enter this ticker for a long, be very careful!
I am calling for a short position with the following TPs:
Entry: Around 10$
TP1: $6.5
TP2: $5.5
Do your own reasoning before opening any positions. This is not a financial advice.
WHC - Walk it up to value high (300%+ long term)Using the volume profile (VPVR), we can see confluence between the 2009 swing low and the bottom of "value". This immediately gives two reasons to signal that the tide may have turned in favor of the bulls.
The value high @ $3.845 lines up with the midpoint (50%) of the entire chart, which gives extra validity to that price level acting as significant high timeframe resistance.
Learning how to spot confluent factors to help frame your trades/investments will give you a significant edge over the rest of the market, making TA an incredibly powerful tool!
Good luck!
Hit the LIKE button if you find my analysis valuable and want to support my channel. Follow to make sure you don't miss any future trade ideas.
$WHC Whitehaven Coal approaching key support lvl. Will it hold? Whitehaven Coal approaching key support level. Will it hold?
Fundamental is not looking good due to labour shortages and bushfire disruption.
It is below all moving averages and other technical indicators are showing it most likely to go lower towards the key support line of $2.49.
Not financial advice but If I was holding, it is time to sell and buy something else.