Hello Traders!
Consol Coal Resources is on a long-term downtrend and will most likely stay like this for another few months. Recently the downwards momentum has died down a little and the MACD has crossed over the 9 EMA, but the 50 and the 100 SMA have acted as resistance in the past. I believe that the price will rise a little bit before being rejected by the 100 SMA and falling back down (the sell signal). But don't stay short for too long! As soon as the signs of a serious trend reversal accumulate, accept your gains, and don't be greedy! No trend lasts forever.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
Consol Coal Resources is on a long-term downtrend and will most likely stay like this for another few months. Recently the downwards momentum has died down a little and the MACD has crossed over the 9 EMA, but the 50 and the 100 SMA have acted as resistance in the past. I believe that the price will rise a little bit before being rejected by the 100 SMA and falling back down (the sell signal). But don't stay short for too long! As soon as the signs of a serious trend reversal accumulate, accept your gains, and don't be greedy! No trend lasts forever.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
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