SungpillHan's  Instablog

ANR

the long term channel seems to be a good bet to play bounce. It may turn to very profitable if this makes turn-over at this. The falling MA 200 seems to be a good target for bounce, the chart looks very much similar to FSLR before it bounces, when it did, it touched MA 200. As a counter-trend trader, this is the stock I would buy.

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ACI

Much like ANR, it just seems to be on the same long term down channel. Notice the ACI formed inverse head & shoulder under 6.20 and still in down channel. 5.45 is the price on shoulder on 6/26/2012. It closed on 5.79 and low on 5.61 on 9/4/2012.

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CNX

Besides these two coal stocks, there's one interesting coal stock, CNX. It broke down the support 30.53, but it came back up over it, now forming a new uptrend, closed right on the support of the trend line. This tells me, if you want to bet on bounce with ANR and ACI, You may have to balance how both will move along with CNX. So, at this price range of both stocks, I think shorting the two stocks has more risk than going long.

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Many analysts predict the rest of next year will be tougher for coal stocks. Many of them also say they will take their positions depending on how Presidential election result come out; Romney wins, coal wins.

In my personal opinion, coal stocks may move heading to Presidential election if such event is the catalyst everyone waited. More talks on the event, earlier the stock moves. It's pretty simple.

AONE

To me, it's a perfect channel, now the stock price is right on 0.25 area. Since it dropped sharply with all red candle sticks, it may make a quick drop for a few days of final rounds. So, here I drew Fibonacci line. -161.8% falls on 0.21. Watch this price range 0.21~0.25.

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