Nov 28

ANR free pick – $7 swing trade long

I believe that ANR is a great pick going long for swing trade here in the low 7$ as first of all:

1. The risk/reward ratio is great , as the stock has been going down for past year actually from 50-70 in 2011 and now down to 7

2. I believe I see an extreme bullish bottom formation , IHS pattern – W pattern or rounded bottom – so all in all it looks great on daily chart with a target near 13-15 area in December/January

3. The monthly also showing signs of bullish as the momentum is soon starting to move positive so I think this will start a new uptrend for it.

I’m currently long ANR and think it is a great stock to hold for the coming weeks(months) possible


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