WHC trade ideas
Whitehaven Coal could be in for a bounce.At a reasonable support area and indicators look like it has been oversold. This used to be a $6 stock so plenty of potential upside if it does indeed recover. Around 35% to its recent high shown on the chart. Investors might have been recently spooked by the current Climate Change meetings happening with world leaders but coal will still be around for a while.
Worth a watch.
WHC - Trade PlanWHC looks way overbought IMHO and I think that a pullback is due. If it pulls back, I would wait for it to reach my 1st Buy Zone between $2.10 - 2.25 and my second Buy Zone is between $1.80 - $1.95 for a potential buying opportunity. If it pulls back, this stock is a Must Buy. Lets see how it develops.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
WHC - Could be a great Buying OpportunityWHC may be providing a great buying opportunity. It had broken its two year downtrend line in November 2020, with high volume. The recent swing low has been an aggressive sell off, but it seems that its a retracement of this new Uptrend and the recent bounce with high volume suggests that the swing to the upside has begun. With strong volume and strong bullish price action, I think this has massive room to the upside. The pattern being formed is an ABC pattern which suggests a potential gain of minimum 60%, which is a measured move of Wave A. The current Wave C is expected to reach this measured move at a minimum, with an approximate target of $2.45 with a stop below $1.100.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
WHC showing divergence as well as recent trendline broken.Perhaps a good opportunity to buy this stock
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!
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Energy Sector Recovery in 2021As the energy sector has been racked by the pandemic in 2020, I see strong opportunity of recovery in this sector strongly in 2021. Whitehaven Coal is my pick to rebound strongly as recently it broke the trend line and upward movement is expected.
With market valuation of about $1.6 billion, I would consider WHC as mid-cap and wild volatility is expected.
A breakout above MA200 on daily chart would trigger the upward movement to potentially hit MA400 in coming weeks.
My immediate price target is over $2 by end of December or early January
WHC - Ultimate Buying OpportunityBullish Confirmation Indications
1. WHC has broken out of the long term downward trendline with High Volume
2. Price Action have been impulsive which indicates that Bulls are in control.
I am a confident buyer between $1.285 - $1.175 Buy Zone which can give potentially a 70 % gain.
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
WHC ASXLooking at WHC on a weekly chart
Price has come down into our buy zone
Price coming down into value low on VPVR and also sitting on the 786 fib
Internal indicators looking pretty good
All im waiting for is structure to come in on price
Potential 100% profit trade
$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.
I Iike WHC WHITEHAVEN COAL LIMITED Energy Sector XEJ looking good.
Whitehaven Coal looking good too.
From a TA point of view:
Broken downward trendline
RSI and MACD rising
I like it even more once the stock price can close above the 50 MA.
Keep it on your watchlist!
Buy WHCWHC is yet again at it's all the time low, it's right outside of it's 2 standard deviation. Yes it's on a down ward trend on the daily and weekly, but we could see a C wave move from the Elliot theory to the upside this morning. Also, the ASX cloud be opening higher this morning, so we could see bullish movement for the energy sector. looking to buy above $3.84 to $4.
BUY WHCDue to the Energy sector of the ASX getting smashed, that could be from the oil rig count from WTI, could be from the DXY showing some strength and the oversees market showing indecision. However, how much can it go lower, this is why i'm looking at WHC. The reason i'm looking into WHC is because it's hit new month low, 52 week low and formed a bullish hammer on support. Let's have a look at the TA, it's outside it's 2 standard deviation and the 13 and the 50 EMA on the daily and the weekly are trying to catch up with it and lastly it's at the bottom of the RSI. So, it looks good for a counter trend trade to the up side, looking for a run to $4.11.
$WHC long off .618 fibIf you cant see the chart double click the price column. Heres my trade set-up for $WHC today; long off the .618 fib level. Strong company $4.43Bil mcap, energy sector. Not financial advice.
