Coal Stocks

I recently picked up a few coal miners, realizing that they will likely take time to establish a new uptrend. Still, I can live with their fundamentals as they are, considering the substantial dividends they are paying, their profitability, and free cash flow. The charts were also sporting what looked top be false breakdowns last week, along with deeply oversold technicals. So far, so good. Here is the Coal etf, I picked up two Australian coal miners from its top 10 holdings, but my charting service isn’t letting me post charts on them, so you can do it on your platform. They are Yancoal (YAL.AX), and Stanmore Resources (SMR.AX).

Note they are in steep downtrends, so be careful with position sizing. I just think that coal will make a comeback, as the world is realizing a lot of the green movement is hype, and we still need a cheap and reliable energy source like coal.