huntersanna33

ARCH - Higher Risk play (8/16/2021)

Long
NYSE:ARCH   Arch Resources, Inc.
Stock has been in a range with a contraction in volume. Has held the 23EMA well on last retest. Waiting for this stock to break the $68.38 area to move to 52WK high. Has broken a RSI since run up that started in Jul-21. Had a inside day on Friday on very low volume.

Would like to get involved with this name around the $66-$65 area with stops near the $61.50 which is a little high risk. Could also set stops in the $63.50 area but could easily get chopped out in this name.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.