$BTU – REMOVE WATCH: Looking Weak

$BTU – REMOVE WATCH: Looking Weak

Summary This hasn't broken out of its Stage 2 uptrend, but it did close below it. I don't like that big volume drawdown on 12/28/22 which really made a mess of the contraction count. Also, it closed below its 50-day MA and closer to the…
$BTU – WATCH: Decreasing Volatility

$BTU – WATCH: Decreasing Volatility

After a pretty massive 655% gain with big volume last year to start its stage 2, it went into a big cup and handle base 1. From its peak to the bottom of the cup, it fell about 56%. However, it staged a good recovery…