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CORE NATURAL RESOURCES INCCORE NATURAL RESOURCES INCCORE NATURAL RESOURCES INC

CORE NATURAL RESOURCES INC

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C9X0 trade ideas

Cornerstone Building BrandsChart pattern: Bull flag Entry: 14.50$ (this would end the secondary downtrend of the correction) Stop: 13.32$ Target: 16.90$ Stopmanagement: ATR Stops hourly chart default settings Risk:Reward-Ratio: > 2:1 Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1 Fibonacci extension of the former impuslive move. Ordersize example: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 1250$.
NYSE:CNRLong
by Cape-Peninsula-Capital
CNR - bottom reversal, long for 20-40% by Christmas.Cornerstone Building Brands, Inc. manufactures and markets metal products for the nonresidential construction industry in North America. I'd say this is a great play right now, but you have to buy at around 6.40-6.50, with first targets at 7.60 (that mini gap), then up again at 8.75. You can hold some to see if it goes further, but it's in IYR, which is due for a short term correction. This can still pop, but it just means it will lose steam as the big players will drag the rest of the market down. Note that short term, Chinese metal is expensive, which means American metal will become the alternative. I've got my alerts set for 6.40.
NYSE:CNRLong
by TMoneyBidness