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Friday, 2 June 2017

VanEck Vectors Coal ETF (NYSE: KOL): 2 June 2016, Friday, 4.25pm Singapore Time

VanEck Vectors Coal ETF (NYSE: KOL):
2 June 2016, Friday, 4.25pm Singapore Time
(Click on Chart above to Enlarge)

Attached above is the technicals for VanEck Vectors Coal ETF that is listed in the US Market of NYSE (NYSE: KOL). VanEck Vectors Coal ETF has successfully backtested the $12.00 support with the BLACK horizontal chart formation forming the bullish flag of the entire large flag pole measuring $12-$7 = $5. The bullish flag width measures $15-$12 = $3. This means the 1st target is $15 (breakup point) + $3 (flag width) = $18 i.e. around +50% upside. This also means the 2nd target satisfying the entire price structure is $5 (flag pole) + $15 (breakup point) = $22.00 i.e +72% profits. The entire move is supported by Donald Trump's Withdrawal from Paris Climate Accord with the Theme of Play titled Dirty Energy.



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