Bullish Coal Futures = Mineral Companies (#2 NPR)
First of all, wait for a price pullback around the 30.00 or some price consolidation above 30.00 area this takes some weeks be patient dear reader.
Targets?
The first target for a swing trade can be around 39.00 (Not 40.00)
The second target for a Position trade can be ? ?
A objective based in past support and resistance levels looks too dreamer and this need to be accompanied with fundamental analysis for part of a team in the Fund
Technical analysis is very good for entry points but do not think that this is astrology
I use Technical analysis but I respect the job of fundamental analyst in a firm because savvy investors do not put money in an idea only because, I draw some lines and I try to convince they that the price in the future can reach that level .
Targets?
The first target for a swing trade can be around 39.00 (Not 40.00)
The second target for a Position trade can be ? ?
A objective based in past support and resistance levels looks too dreamer and this need to be accompanied with fundamental analysis for part of a team in the Fund
Technical analysis is very good for entry points but do not think that this is astrology
I use Technical analysis but I respect the job of fundamental analyst in a firm because savvy investors do not put money in an idea only because, I draw some lines and I try to convince they that the price in the future can reach that level .