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Consistently catching bids. Dips are being bought, even after weak earnings. Forward looking, Coal will continue to benefit from commodities super cycle and clean energy wave. Along with it, $BTU's deliveries and sales, and share prices.
Heavy volume and going parabolic into earnings. Debt reneg'd until 2024-2026, no risk of BK. Coal prices up huge and steady over $60/ton since Q3. Biggest coal producer on planet with reserves. Not as 'sexy' as $AMC $NOK $GME $BB but steady as she goes. In Feb/Mar/April 2/3/4/5/6/7 call strikes since sub $2.00. LFG!!!
$BTU, this thing will continue going parabolic into and beyond earnings. Been long Feb/Mar/April layered calls all strikes since sub $2. Helluva ride so far. Think she trades $30-40 by summer with coal prices up and delivery up sharply and holding stable since Q3 2020. Not quite as fun as $AMC and $GME, but steady as she goes. Sub 500M M-cap in a biz with a wide...
Reasons for short : Technical entry RSI 75.40 This years eps -147% and EPS (TTM) is -$20.85 Quick ratio of 0.50 tells us they do not have cash to meet short term obligations (debt over equity is 1.52) Short float at %6.58 Concerns : P/B is very low , 0.39 Earnings out Feb 3rd , creates extra uncertainty imo , best to exit by months end if possible ....
I like the set-up here for a continuation rally that can push $BTU to $2.50+
Buy it here for good returns on decent risk.
As per the Chart Abbreviations; ND=No demand NS= No supply DW= Demand Wave RFSB= Resistance from Supply Bar SFDB support from Demand Bar SLK= Stop Loss killer SLKB= Stop Loss Killer Bottom DB= Demand Bar SB= Supply Bar EVRB= effort vs Result Bottom My Mentors and Inspiration Volume Analysis - Oleg Alexandrov Money and risk Management - Dmitriy Lavrov
29-10-19 BTU SHORT 12.38 13.31 0.93
BTU. This looks like a perfect chart to me. Showing bullish divergence on daily and weekly time frames.
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...
First entry on possible floor at 2.34, with a wide stop near $1.99. (but I'd just let it run without any stops, swings are rather large at this point, and there's a huge chance that you might be stop hunted ) Normalized volume (price * volume) is pretty much dying up. Yes I know the fundamentals are absolute garbage but there'll be some retrace eventually as a...
Currently the 50DMA sits at about 4.14, looking for a decent pullback into that range as close as possible, from there i need to see a rally from 4.40-4.45 to really start scaling in.