BTU trade ideas
$BTU ~ Correction in progress...As expected, correction in progress. Will be tracking very closely as in our opinion energy stocks will provide an amazing opportunity in the future. Whether its coal, uranium, oil, or natural gas we all need to realize the amount of energy the electrical world will need. Pay attention...
4/17/22 BTUPeabody Energy Corporation ( NYSE:BTU )
Sector: Energy Minerals (Coal)
Market Capitalization: $4.499B
Current Price: $32.54
Breakout price: $32.70
Buy Zone (Top/Bottom Range): $29.45-$26.15
Price Target: $37.80-$39.00 (2nd)
Estimated Duration to Target: 66-68d
Contract of Interest: $BTU 6/17/22 35c
Trade price as of publish date: $3.85/contract
3/20/22 BTUPeabody Energy Corporation ( NYSE:BTU )
Sector: Energy Minerals (Coal)
Market Capitalization: $2.923B
Current Price: $21.88
Breakout price: $22.70
Buy Zone (Top/Bottom Range): $21.10-$19.40
Price Target: $26.60-$27.00
Estimated Duration to Target: 60-66d
Contract of Interest: $BTU 7/15/22 25c
Trade price as of publish date: $3.60/contract
BTU own tennis balls not eggsBTU 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 balls not eggs - I'm long APR $19 calls and shares
nice rip, now lets look for a nice dip 🦉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.
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BTU King Coal bullish setup with ER this weekBTU 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
nice setup here, looking for a bounce soon 🔥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.
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