BTU has now burst above it's inverted H&S target (@ 9.80) and the uptrend is looking intact. Some retracement in the near term could happen, but should not breach (prior resistence-turned-) support zones @ 9.50 to 10.00.
Looking at the next target of around 14.50-15.00, however expect some volatility during Earnings release in early August.
Stop loss is now @ 9.40
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). 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. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
Looking at the next target of around 14.50-15.00, however expect some volatility during Earnings release in early August.
Stop loss is now @ 9.40
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). 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. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
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