Coal Asia Holdings Incorporated (stock symbol: COAL) has seen an intense advance in price since April 29.
Price now seems to be consolidating after reaching a 1.73 high back in May 20. Should 1.40 break, the 1.00-1.20 area must hold to keep COAL afloat and maintain its bullish tone. Lower support is at 0.80. Beyond 1.70, the resistance is at 2.00.
The TRIX Index is now closing in on the zero level. Will this level break soon?
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