WHC 0.00% $6.57 whitehaven coal limited

WHC Chart, page-417

  1. 6,293 Posts.
    lightbulb Created with Sketch. 37
    could make for interesting buying if it gets into the 50's again and close to that 253c low

    commodities seem to be in a strange position, BHP, FMG, RIo all getting sold off on the assumption that commodity prices are overcooked... yet the USD is up in a pretty big way, and with commodity prices still strong, seems like they are front running any future drop...

    markets can stay irrational longer than we can stay solvent, so if commodity prices and the USD stay high, something will have to give... either commodities tank, or the commodity stocks rebound...

    i posted these charts over on the FMG thread this morning, but this is what im looking for at the moment with WHC: a dip down a bit closer to the 253c level, but not breaking that level, then a bounce back up... a long position around 255 with a stop at 250 might be a nice, relatively safe play... not advice of course...

    never waste a bad opportunity...




 
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WHC (ASX) Chart
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