adolphus53

Long time no see (3)

Long
NYSE:BTU   PEABODY ENERGY CO
86 views
1
This company has been running hot, when the market started going sideways so did this stock. I believe a buying oppertunity is presenting itself.

Timing = 1 ( this stock has been moving with the market & my current bias is we are finding a bottom to reverse soon)
Volume = 1 ( The volume appears was strongest on the move up and less on the way down )
Group strength = 0 (Energy sector looks neutral atm)
Entry = 1 ( i like this entry just slightly below the current price bc i expect the market might fall about 5 more % )
Fractal = 0 (no apparent fractals )

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