This Is Not Investment Advice
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The Market Right Now: Energy - Coal
The Industry Group Energy Coal has been moving very well recently as shown here in the Investor’s Business Daily rankings:
We need more electricity. The “Climate Crisis” crowd has been trying to beat coal down to a pulp over the years. Guess what - we need coal for electricity and we have it right now. It’s not theory or Woke Dogma. Uranium is great but it will take a while to substantially expand our capacity there.
HNRG
HNRG Daily
HNRG Weekly
Thoughts and observations:
Stock is obviously wrestling with the fact it fell below both the 21 EMA on the Daily and 10 Week on the Weekly and the Weekly Money Flow is Red . . . . nonetheless it’s hanging in there and shows signs of life . . . . . Industry Group on a tear and possibly just getting warmed up . . . .
Up/Down Volume above 1.0 at 1.1 with RS at “only” 80 honestly an obtuse combo . . . . smallish market cap perhaps not as much focus on it . . . . yet . . . .
My posture . . . . holding . . . . . willing to nibble more . . . . . would be more concerned if it stayed below the 10 Week EMA with a NEW surge of downside Volume . . . . . continue monitoring to see if/when sellers become more exhausted and bullish divergences form on Lower Time Frames . . . . not opposed at all to adding more . . . a close this week above the 10 Week EMA would be a bullish sign for sure . . . .
