BTU trade ideas
BTU - Possibilites to go long for mid termLooking at 1h chart we can see the trend going above the cloud. We have a bottom on the red dotted line (around 15,70) that could be a strong support for middle term. The previous moves can be seen into a channel pattern, so we can assume that next move follows the same kind of pattern. That sort of triangle pattern could contain the trend between 18,40 and 16. This is only an idea so manage your money, put stop loss and look for big moves, not at single waves. Good luck for your trading.
BTUWhat do we have here? In the first, four months of failed attempts to break through the EMA 200 line. I think now there are few who will buy in the hope that chart rise above. Also, we have a confirmed pattern of "head and shoulders". But most importantly, confirmed break MA 200 line, which will now serve as the closest stop.
I think all is over a certain similarity of a double bottom.Then it will be possible to open a long position.
BTUDownward pressure increases. In the beginning, there was only EMA 200. Now it is already MA 200+EMA 100+ BB basis line+ strong resictance line.
BTU Picking Up Some EnergyIt's hard not to notice the large golden cross that has just occurred in peabody's chart which represents a reversal of a huge downtrend from before, the stock is now retesting the earnings gap with the 100 dma as support, the MACD looks to be curling up with the RSI rising, this is a strongly bullish chart and should have a chance to test the 20.5 level in the first quarter of next year
BTUShooting star+ dark cloud cover, EMA 200+midle line of BB presses down. In short, it's not the best time to open long positions.
Trend Reversal, Resistance Turned SupportDowntrend broken, throwback to former resistance line - now support. Breakout and throwback created channel. Trading channel pretty steep - can play this for a short-term gain.
this time is different? I think soIrrelevant: Lower oil price -> less gas supply -> less gas/coal switching
Relevant: Higher lows on multiple time frame
Ruby on Peabody Energy / $BTU / #tradingviewRuby in selecting entries on dated charts located this 15.62%-percent long. The play is holding and we are watching the name closely at lower 19.40's (on 60 minute) 12:36a/est.
BTU- an excellent deal for options traders.I believe that the stock takes a long time in a sideways trend. Stock traders not benefit anything here. But options traders can take short positions above and below the channel.
BTU long setup (Head and shoulder) on Daily chartInteresting head and shoulder pattern. Next resistance is a little over 1 point away but I can keep stop close for a decent reward-risk.
BTU - Inverted Head and ShouldersBuy 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.
