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Long

BTU - Possibilites to go long for mid term

NYSE:BTU   PEABODY ENERGY CO
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Looking 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.

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