Triangular Consolidation. Is the breakout to the upside as anticipated. Weekly moving average is supporting the current price. $5.95 has been the floor or support the last 5 weeks coming. Will prices break to the upside ? or crashed thru the floor of $5.95. Talks of mergers and acquisition has died down. Many talks abound that coal companies will follow fellow compatriot CEY or Centennial but so far nothing forth coming for Whitehaven although it has been widely touted as the next in line to be sold or acquired. With a dearth of M&A news, prices may retreat to reorg for a final push maybe. Or if all is good will break out of the consolidation which is my trade setup scenario at the moment.
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