Black Carbon StocksPosted: March 7, 2014
First up is Arch Coal (ACI) with a 5 months consolidation rectangle. Watch a close above $4.80 for an implied target of $5.80. Note that the move could be swift as 20% of the stock float is short.
Next is Walter Energy (WLT) no pattern here but interesting levels. Note the red line that has been touched four times, twice in 2013 and twice this year.