ANR Alpha Natural Resources Daily Chart Oversold Falling Wedge Positive Divergence

ANR is also beaten like a rented mule, same as JRCC.  Note the purple channel where price failed out the lower rail, and then tumbled down thru the current falling yellow wedge.  Price has now fallen into oversold territory, and, with the falling wedge pattern, and the indicators all positively diverged, price is on the launch pad ready for lift off.  The weekly chart is also positively diverged. The coal sector is very dangerous lately since China and emerging nations are slowing so the demand for commodities is weakening.  Simply looking at the chart it is easy to see that the markets have already priced much of this dire news into the price. This trade is also dangerous since one only has to look at the PCX debacle over the last month. Projection is for a healthy bounce in ANR at any time. Keystone started buying it today. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.