BTU broke out of an inverted H&S neckline last week on high volume at 5.30. It is now 6.60 and there is probably a 30% chance (as with many breakouts) that it could retrace back to test the neckline within the first 1-2 wks. However this might not happen.. and with stop loss below 5.30, please position size accordingly if you are still inclined to "chase" this...
positive divergence. 15% Div, coal power
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.
BUYaround 3.60 T1 4.00 T2 4.25 SL closing below 3.36
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...