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The company will report its earning on Jan 29 for your information. This bearish pattern has a measured move of 34% downside and probably that can happen in this year. If you decide to short this stock make your stop loss at Friday' high $26.57 with target price $17. Join us www.woowtrading.net
I posted this chart 8 days ago. The time is now for a long position.
Oversold monthly stochastics.
Could this be the run to break the neckline? Starting a new primary trend in BTU.
Corresponding with this previously posted idea Providing it doesn't breakthrough the neckline this would be a good area to buy back in
Buy Area - $20.50 - $24.90 or feel free to have a buy stop order at $26 to catch the breakout above the neckline Target Area - $30 Stop Loss - $20 Sloppy joe kind of inverted head and shoulders but regardless still looks like a good reversal pattern. Increased volume during this pattern and there is a higher trough than previous which hasn't happened in a long while.