BTU - weekly bull flag, still very bullish
Think in the next 3-5 years we're going to see energy/commodity type names outperform a lot of tech - BTU has been a beast in the coal sector and for now my favorite stock in the industry.
As long as that 50 week MA holds, it's likely to continue consolidating and eventually break new 52 week highs maybe all time highs next year.
As long as that 50 week MA holds, it's likely to continue consolidating and eventually break new 52 week highs maybe all time highs next year.
Comment:
BTU remains one of the best looking charts on my radar as it continues to tighten in this 8+ month bull flag. Getting above 29.9 would clear out a lot of supply and has potential for an explosive move. I think this could be a multi-bagger assuming a multi-year time horizon. Invalidation occurs on a breach of the 200dma or 50wma.
