Nov. 13 at 3:04 AM
$BTU is currently trading at
$29.38, with an RSI of 54.72 indicating a neutral position, suggesting no immediate overbought or oversold conditions. The price is below the 30-day moving average (MA30) of
$30.16 but above the 50-day moving average (MA50) of
$26.64, indicating a potential bullish sentiment as it is supported by the longer-term trend. The recent high of
$35.99 and low of
$15.67 over the past 60 days provides a defined range, suggesting room for upward movement.
Suggested entry is at
$29.50, slightly above the last close to confirm momentum. Set a stop loss at
$28.00 to manage risk. Target 1 is at
$32.00, aligning with the MA30 resistance, and Target 2 is at
$34.00, near the 60D high. This plan leverages the current market context and technical indicators for a balanced risk-reward strategy.
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