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Peabody Energy Corporation

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BTU trade ideas

Head and Shoulders Target Hit - Wave Analysis Readjusted I’ve revisited my wave analysis. I just realized i’ve been calculating Wave 5 wrong all this time, by over extending it. The wave 5 extension rule doesn’t apply unless wave 3 is less than 1.618. This looks much better .. way more realistic ! Wave 4 n 5 targets are dependent on wave 3, all dependent on each other sequentially hence the wide box range you see. I still believe we’re in wave 3 .. today we corrected to 50% Fib with Wave @ 1.75%. As you can see it duplicated the left side correction. This is what you call harmonics.
NYSE:BTULong
by mcmarc2000
US Stock In Play: $BTU (Peabody Energy Corporation)$BTU broke out of its 15 months long inverse head and shoulder chart pattern, surging +60.75% over the past 6 trading session. $BTU is currently closed at $8.59, a 52 weeks high price. At the current juncture, $BTU is trading above its 200DMA for the first time in 30 months; a significant long term trend reversal behavioral price action, accompanied with incremental 3 month average trading volume exceeding beyond 100% over the past 6 months. The next resistance to watch for $BTU is at $9.90, a price level that is 2 days away of its implied volatility. $BTU engages in coal mining business in the United States, Japan, Taiwan, Australia, China, India, Vietnam, South Korea, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S. Thermal Mining segments.
NYSE:BTULong
by jfsrevg
BTU - Elliot WaveHead and Shoulders . I normally don’t trade Elliot Waves much but always nice to employ the theory when possible to add confluence and direction. I believe we’re in Wave 3 right now.. its the most aggressive wave, the $$ maker with approx 200% gains from wave 2 correction so far. Im not an EW Jedi by any means but im quite sure I nailed this one, thoughts and constructive criticism always appreciated. We hit the wall today at 8.37 strong monthly resistance. I can see small correction here tomorrow or not .. if we push through i see a $10.50 target followed by a correction and some consolidation then hitting wave 5. I also have an Alt wave count in case Wave 3 gets extended which can happen 30% of the time. Im not saying this is the exact play here… TA is an art, a calculation of best probability. Cheers
NYSE:BTULong
by mcmarc2000
BTU - Inverted Head & ShouldersBTU 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 trade. Disclaimer: TA is about odds, not guarantees. This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to give me your thoughts ! :)
NYSE:BTULong
by Juliac
Long time no see (3)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 strength = 0 (Energy sector looks neutral atm) Entry = 1 ( i like this entry just slightly below the current price bc i expect the market might fall about 5 more % ) Fractal = 0 (no apparent fractals )
NYSE:BTULong
by adolphus53
Possible floor in Peabody hereFirst entry on possible floor at 2.34, with a wide stop near $1.99. (but I'd just let it run without any stops, swings are rather large at this point, and there's a huge chance that you might be stop hunted ) Normalized volume (price * volume) is pretty much dying up. Yes I know the fundamentals are absolute garbage but there'll be some retrace eventually as a result of shorts. 64% of floating shares are short? Really? LOL shortsqueeze.com It is worth a try, but only on what you can afford to lose.
NYSE:BTULong
by LastBattle