Foresight Energy LP (fka FELPQ)

[stocktrademan]

Looks like it has bullish divergence currently on the macd and just went above the moving averages. So I would say based on experience it is pulling back and will bounce higher after it finds support. The MACD is above 0 now so the chart is indeed in bullish mode.

The pause at support it might be nearby, look for reversal candlesticks like hammers dojis bullish engulfing and morning star types of patterns to find the level...There are hammers showing up right now on the moving average so there it is now.

I think it is the right shoulder of the inverted head and shoulders bottom that is currently forming. This bodes well for buyers now anticipating greater returns later in the future.