BTU - looking for bounce off lower trendline on larger timeframe.
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QuantitativeExhaustion
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Ok.. I think i got. Obama is set to pass the Keystone Pipeline very soon. If there is a shift from the liberal green base with a pass of the Keystone Pipeline, the President might also end the coal industry strangle.
QuantitativeExhaustion
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QuantitativeExhaustion
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I'd wait for JRCC to finish off. Most likely a chapter 7. Patriot Coal BK was a big crush for the coal industry.
knock
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JRCC weekly bar shows inverse hammer (bullish)? What do you think?
QuantitativeExhaustion
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I see that. Coal is going to have to rebound hard in order for JRCC to extend and pretend