BTU broke out of an inverted H&S neckline last week on high volume at 5.30. It is now 6.60 and there is probably a 30% chance (as with many breakouts) that it could retrace back to test the neckline within the first 1-2 wks. However this might not happen.. and with stop loss below 5.30, please position size accordingly if you are still inclined to "chase" this trade.
Disclaimer: TA is about odds, not guarantees. This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to give me your thoughts ! :)
Disclaimer: TA is about odds, not guarantees. This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to give me your thoughts ! :)