FriscoTrades

BTU King Coal bullish setup with ER this week

Long
NYSE:BTU   Peabody Energy Corporation
BTU Peabody Energy Corp weekly nice bullish set up :
-Bull Flag
-Cupping base
-MACD cross confluence
-RSI curl
-9/21EMA cross

With good ER numbers this looks primed to rocket. Conversely, given the overall market a miss could send this back down to $8 zone. However Coal and Energy market showing some resilience amongst a lot of red.


I'm long APR $12 calls

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