Oil continues to move higher, so coal stocks won’t be too far behind. ICO is forming a text book ascending triangle pattern and if it breaks to the upside this entire sector is going to rip higher. I wouldn’t be surprised to see this breakout start as early as tomorrow. You can easily see accumulation going on here with the high volume up days vs. the low volume decline days.

ICO

One Response to “Coal Stocks Could BO Soon”

  1. Doug Says:

    Nice call…I see it broke thru the A triangle today…Doug

Leave a Reply

You must be logged in to post a comment.