Resources Name Tightly Coiled Forming Bull Flag Near Highs
Alpha Metallurgical Resources (AMR) shares trending higher and forming a bull flag above the 21/55 EMA’s and closed strong Monday after a test of monthly value high support at 158. A breakout through the small trend line above 165 can see a move to new highs above 180 and longer term the massive coiled weekly chart pattern can see an explosive move above 200.
