This call is primarily based on price action and risk reward.
We can see a lower low being pushed on the daily time frame but over last week price rejected the $173 level.
The other notable mention is the Risk to reward ratio, with a bottom formed we have an excellent place to set our stop knowing the trend would go bearish is it was ...
Reasons to be Bullish : lagging span on Ichimoku Cloud is still touching price, price had sharp bounce off cloud, momentum from positive news, DMI lines crossing, Parabolic SAR just took long angle, and volume above average volume line. manage your risk accordingly
Should have made a post on entry be regardless possible gap down soon based on former price action however this gap wouldn't break the trend very much. $230 is the target but once that happens will place stop at swing low to allow price the chance to break former resistance.
We can see a support level form on BTE at around $4.22 after the Trent down since May, with the increase in volume on the 10th to the 12th we could see a short sell off then due to anticipation of the earnings report the speculators could buy in to follow a $ stage Elliott wave.