Monitoring negative breadth divergences.
I especially like ARCH, a potential breakout trade.
AMR is another coal stock that outperforms.
Yes many coal stocks moving out of bases. Remarkable how that group has been showing strength really for years now.
AMR in particular made a base stretching back over a year before breaking out back in August and has doubled since then!
Yeah...more comfortable to get in the stock where the whole group shows relative strength and moves together.
Agree! Those are my favorite setups...when the whole an industry shows a similar chart setup.
I especially like ARCH, a potential breakout trade.
AMR is another coal stock that outperforms.
Yes many coal stocks moving out of bases. Remarkable how that group has been showing strength really for years now.
AMR in particular made a base stretching back over a year before breaking out back in August and has doubled since then!
Yeah...more comfortable to get in the stock where the whole group shows relative strength and moves together.
Agree! Those are my favorite setups...when the whole an industry shows a similar chart setup.