FriscoTrades

BTU own tennis balls not eggs

Long
NYSE:BTU   Peabody Energy Corporation
BTU nice run here although recent offering news caused a quick sell off that was bought right up .

Technically was just a retrace to the 20MA and bounce, forming a cup and handle like pattern

$19.8 zone has been heavy resistance if you're not already in this trade, watch for a short opportunity (rejection) or long (breakout) at this pivot point.

Own tennis balls not eggs - I'm long APR $19 calls and shares

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.