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...
Huge buildup of demand in energy sector has created opportunities in coal. BTU crossed 200dma in weekly chart and look to sustain up movement.
btu has officially hit every single price target mentioned in my last analysis! I paper handed my shares but congrats to the diamond hands. now at local chart/rsi resistance and Im expecting a pullback to 13.53-14 area if we reject here. like and follow for more! 💘
BTU Peabody Energy Corp weekly nice bullish set up : -Bull Flag -Cupping base -MACD cross confluence -RSI curl -9/21EMA cross With good ER numbers this looks primed to rocket. Conversely, given the overall market a miss could send this back down to $8 zone. However Coal and Energy market showing some resilience amongst a lot of red. I'm long APR $12 calls
btu recently did a double bottom bounce off support, RSI also sitting right above oversold zone! if it holds above these support zones lets look for a rally to 13.53-15.49-16.84, if it breaks below 9.89 look for a test of 8.58 support. like and follow for more! 💘
I would rack up some April $14 calls on BTU. With the temperatures dropping there could be an increase in power consumption. BTU has established a great level of support and seems to be headed for a breakout to $18 . Strong enough idea for me to take that gamble on.
The arc is your friend. Follow it to the end is what I say. Hey Ho, Hey Ho
Tensions with Russia, pressure on Gas-Price – Coal short term alternative NOT a long swing – Energy prices will drop in the following months Started a strong reversal, can continue with enough Volume Multi-Revenue-Stream company – not only a miner
Coal stocks have been getting hammered in last few months after the blow-off top in price last year however there's been a recent uptick in response to the Indonesia coal export ban. BTU is sitting on the edge of the bullish channel with 20 and 50 day EMA converging, will it maintain the bullish channel or will it puke and fall over?! Only time will tell.
I believe its time to take off. Winter is here and coal will be hot when you see the news articles of freezing temps. It already retraced 50% from the high of 20.
Look at this beauty. You have everything going for it after a 50% drop from its highs a month ago.
RSI on btu is hitting its support/oversold zone this week! we should see a nice bounce to 14 in the near future if it bounces off this local support area. goodluck! like and follow for more <3 thanks
Trend is intact measured by volatility and registering an extreme oversold condition at the edge of the trend. Heighted fear and uncertainty can result in some very handsome buying opportunities....
BTU might have found a strong support near 11.15, and generally in a pretty big demand zone. We still need a lot of coal, as simple as that. This stock has wild swings so be cautious where you enter.
i see peabody hitting $30 by eoy just by technicals
The arch has many touchpoints and i believe it will follow the arch on its way higher. We are heading into winter and the world needs coal.
we are seeing a pretty volatile correction-- however it is clear what the structure forming is, and that it is bullish to the upside target is 21.8
Bullflag to exit a bullflag.... gap closed Shut the dkn gate! BOOM.