Black Carbon Stocks

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.



6 Comments on “Black Carbon Stocks”

  1. bouraq says:

    I went long WLT just 2 days ago. Great potential if it works out Ahmed.

  2. syedsma says:

    BTW, I bought ANR last friday. It has also hit support line at 4.8 almost 4 times and bounced. Do you guys have any opinion on ANR?

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