West. Coal Share Discussion Threads

[waggle] 20/10/2010 20:19

actually eeny i am beginning to hink that you have a joystick on your computer through which you control the graph!!lol..i have to hand it to you that in the 24 months i have been fully invested as a fundamentalist your in and out approach has yielded massively more..BUT i am not complaining!! top man and well done--keep up tyhe good work..

[eenyweeny] 20/10/2010 19:54

'evening all.

eee by 'eck and 'ecky thump, that were some jump!
Bang on my 360.2p level too. I is good!
If I wasn't already big headed I'd be well chuffed wi' m'self.

silly accent off
That kind of thinking can become dangerous, I'll have to purposely temper my belief in my own TA. But I have to admit this WTN chart is TA heaven.

I wonder...... are there some sneaky Canadians lurking in the background here and taking my TA back to Toronto??

[lasata] 20/10/2010 16:05

Eeny:

360 spot on - well done and now lets hope we move to your upside targets..........

Indeed a key reversal today!

[eenyweeny] 18/10/2010 22:16

I didn't manage to do my weekend research as I had hoped.
However my downside targets are varied.
I see weak support at 377p
weak support at 366p
strong support at 360.2p and 332p.

EDIT. My upside; IF we get the pullback and subsequent support my charts show 573p and 601p. However if price does motor on towards 600p zone, then I reckon simple momentum will take it way past my target.

54245

[lasata] 18/10/2010 10:06

filling a gap at 385p?

[fidra] 15/10/2010 16:54

Thanks eenyweeny I sold out yesterday from a rise from 4.45 $
so i am looking to get back in at hopefully a lower price .I thought it may get back to under $6.00

Peterblok ....`LOL

[eenyweeny] 15/10/2010 16:44

My target level of 422p has held so far. I am not sure yet whether this resistence is strong enough to push WTN price low enough to trigger some more levels on my charts. I am not trying to bragg either. The WTN chart is a TA dream!
I'll post some more in depth thoughts over the weekend for your inspection and debate.

[peterblok] 14/10/2010 17:42

Kiss of death fidra :)

[fidra] 13/10/2010 14:35

Blimey at he moment we are above the Gce share price .not seen that before.

[mcmather] 12/10/2010 15:28

Golden Cross? Bullish?? $7 and above certainly seems to be looming.

[bones30] 08/10/2010 14:58

Looks like I got that one completely wrong!

[mcmather] 08/10/2010 14:45

Nice start.

[bones30] 08/10/2010 11:49

Seems BDO have slapped a "market perform" on this today.

[fidra] 07/10/2010 19:32

An interesting time here.

Good earnings potential on a low near future multiple,about to be in the footsie 250.

Maybe also a chance of a takeover thrown in as well.

Ideally placed for the market it serves and ramping up production.

[mcmather] 07/10/2010 12:57

Took some profit yesterday (ISA) though still have main holding in my SIPP. Will watch for the 422p mark eeny! Due to it's fluctuations definitely believe that WTN is one to be 'traded' - ie bank profits - despite its long term potential to me.

[eenyweeny] 07/10/2010 12:48

Hi folks.

I haven't posted anything recently as there hasn't been anything to say since the bounce .... now there is.
I can see an exhaustion gap up on London chart between close on Tuesday and open Wednesday. This would normally alert me to get out of some of my holding. However, the Toronto chart does NOT have such exhaustion gap. (here comes my old friend Confusion). As TSE is the dominant exchange for WTN I feel I must ignore this London end-of-run signal. I would however be more wary from here on as volumes are now diminishing quickly too showing momentum reducing within this current move.

I still have a Fib upside target for London price of 422p. This recent price move could easily exhaust itself there.

[bones30] 06/10/2010 23:06

> P.S, What is it WTN trade in?

They make socks for penguins don't they? ;-)

I was not intending to make such a quick turn on this!

[rs2ooo] 06/10/2010 22:08

....There's the 410p unfinished business sorted out!

The 4 hour time frame sell signal that was developing did not trigger and will not now trigger based on the current setup I have.

So, all in all, my system has no signals developing for either direction at this moment in time.

The price targets I referred to in previous posts are all valid targets, but they do not become tradeable until a new buy or sell signal develops.

For the main daily trend, my system remains long.

I do not know which direction the next signal will be for.

I tend not to short "small" stocks, but in the interests of being consistent I'd be happy to post when a sell signal next arrives on the daily time frame (not worth looking at the smaller time frames unless you're day trading it which most if not all here are not).

Despite price shooting past my (personal, i.e non system) 387p level to close longs, had I have been long I'd have still honoured that level, and I can almost guarantee it will get revisited, (could be tomorrow or could be November - I just don't know) and if it does prove itself as worthy support over a number of price tests I would be happy to re-enter the long position.

Best of luck all....hope you didn't mind reading my take on things!

P.S, What is it WTN trade in?

Lol, only kidding!

[1chunk] 06/10/2010 16:32

strong finish - didnt expect it to break the £4 barrier ...

[rs2ooo] 06/10/2010 00:00

Just talking from a TA perspective here....

Due to the Canadian finish, WTN will open tomorrow and gap up above the 387p area I have as resistance.

Every time over the last year that I've mentioned a price area that will likely cause difficulty for WTN, it has gapped up (or down) through that price without actually having to print it!

Prices that gap above or below a tricky area will always have traders aiming for that area to complete unfinished business, and it always does get finished in the end.

The possible sell signal on the 4 hour chart did not materialise today, and unless tomorrow spikes up and then sells off hard, it is unlikely to materialise tomorrow either.

If price gaps and runs tomorrow (unlikely but possible), the next area of "unfinished business" I have is 410p.

[sammu] 05/10/2010 23:57

"bones30 - 5 Oct'10 - 17:26 - 835 of 838

Chart approaching a 1-year high and people are considering selling?!"

Better than considering selling when the chart is approaching a 1-year low!?

[mcmather] 05/10/2010 20:00

Evening chaps. Nice to see the old girl going well.

[waggle] 05/10/2010 19:55

are you back in pap??

[papillon] 05/10/2010 19:35

Going well in Canada. Following the DOW performance in the States.

[bones30] 05/10/2010 17:26

Chart approaching a 1-year high and people are considering selling?!