As we see commodities starting their rebound. One coal related stock stood out and we knew we had to alert our clients. That stock is none other than Golden Energy. It had corrected down from the high of 0.815 and the chance of a rebound was strong. Golden Energy recently reported a good set of results as expected and with that it gave us more confidence about this stock.
We have seen an 18% increase in just 3 days which is amazing if you ask us. Chasing this stock now is not somethin we’ll do as we don’t believe in chasing a stock that has moved up so much. Currently, we believe in taking profits off the table actually. $0.645 is one resistance then 0.675 region. Taking progressive profit is what we’ll do unless a short pullback comes.
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Kelwin & Roy