Some form of M shape harmonic.
3 Rising Valleys.
On the 3rd valley, there was a backtest of previous valley which is good.
Above support zone and 200SMA
Stop = A close below previous low & under support area.
Targets = A & C of structure.
Hi traders
BTU looks good here. It's breaking the horizontal resistance and the probability of reaching 32 -33 $ in the next weeks is high.
The price successfuly retested 200 SMA and confirmed it once again as a support.
Entry, target and stop loss are shown on the chart.
Risk-Reward ratio: 2,8
Column: How a bankruptcy filing shielded a big coal company from California’s climate-change lawsuits
Peabody Energy, the nation’s largest private-sector coal company, joined several of its fellow coal producers in bankruptcy in 2016. Its main goal was to wriggle out from under more than $10 billion in debt it had incurred to expand, even as demand was sharply...
There’s a upcoming short Buy of +\- 60% and from there price is going to crash which won’t be good news for investors
this is not a financial advice or any sort
This is kinda fun following one stock to pick timing and levels for highs/lows. So far, we've gotten the swing high price & time to go short. Now it's hit the low I was expecting, BUT, the timing is not until Thurs. 12/9. Still, I have that today is the low for the week and it's 5 cents from the number I had earlier, so not worth being short. Especially with...
Kicking myself a bit today for not reviewing BTU when it was at the top of my calendar for today. (See my prior idea on BTU going to $32.xx with today's date as targets.)
I do dowsing, and when I get a target hit at a particular date that was given in my reading, it almost always implies a reversal or resistance of some sort. Sometimes very lasting highs/lows.
I'm...
This was a great entry yesterday, but I didn't do a reading on it until now. Dowsing though has the target at $32.25 area and the date is 8 days from now, 11/30. If both price and time hit together, take the money and consider a short.
rejection here and break below 27.22 leads to big selloff, break of 30.40 and I expect new all time highs to follow. no trigga no trade 🎯
Drop boost and follow for more <3
$BTU - The Russia-Poland saga got coal sector moving. BTU has been carving out big multi month base, and had been surfing the 10 day moving average higher in past few days. Formed inside day bar on Tuesday.
Fellow coal sector peers $AMR and $HNRG also look strong.
Think in the next 3-5 years we're going to see energy/commodity type names outperform a lot of tech - BTU has been a beast in the coal sector and for now my favorite stock in the industry.
As long as that 50 week MA holds, it's likely to continue consolidating and eventually break new 52 week highs maybe all time highs next year.
The Climate Change activism is over, Hard Energy Assets will return to power.
Domestic Coal has a lot of upward expansion ahead of itself, Peabody is currently pushing numbers: 5 P/E and EPS close to $5
Mkt Cap Valuation is less than 4 billion, can easily run to 6
Peabody (NYSE: BTU) is a leading coal producer, providing essential products for the...
BTU Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF
BTU exceeds Friday's high of $23.86 during Monday's session.
$BTU is a coal mining company which is a commodity that is high in demand right now. Coal runs power plants and with Europe restarting their power plants, the demand might send this sector into a supply shock. Also ironically, in order to power/charge electric vehicles, electricity must be produced which is done by power plants that use coal! This Inflation Act...
