I know coal is hate, but the chart is setting up to attempt a leg higher. Though equities appear to be changing trend downward, KOL looks to have put in it's bottom and could hold up well through the volatility. 61.8 retracement and price target coincide as shown on the chart.
Call option for Dec or Jan is a cheap way to try to snag a profit, or if target's hold, buying outright for a 3-6 month trade, maybe for your longer term accounts. Remember, if the rally fails, set your stops as coal can be deadly.
Call option for Dec or Jan is a cheap way to try to snag a profit, or if target's hold, buying outright for a 3-6 month trade, maybe for your longer term accounts. Remember, if the rally fails, set your stops as coal can be deadly.