Whitehaven Coal could be in for a bounce.

At a reasonable support area and indicators look like it has been oversold. This used to be a $6 stock so plenty of potential upside if it does indeed recover. Around 35% to its recent high shown on the chart. Investors might have been recently spooked by the current Climate Change meetings happening with world leaders but coal will still be around for a while.

Worth a watch.

Yorum:

Broke through that first level of support, but has been kept up by the next level.

20 day MA moving average coming down so I've added an alert on that and will revist when it crosses just to give it a bit more time.