Coal update…ACI

Coal update…ACI

Suggested to pick up Arch Coal (see post here) due to a breakout of resistance, see chart below.  ACI is reflecting quality “relative strength” today, despite the stock market being down.  Good price action! CLICK ON CHART TO ENLARGE Game...
Breakout in Coal….ACI and AG ETF (DBA)

Breakout in Coal….ACI and AG ETF (DBA)

CLICK ON CHART TO ENLARGE It has taken a year for ACI to finally break line (1) at (2).  Be a buyer of ACI with a stop at line (1). DBA has picked up about 10% since it broke resistance line (1) in the chart below. Another reason why we want to buy breakouts with...