Energy and Industrials Question
Do you think Peabody is a good stock to be in right now?
Asked by jenem99 in
Energy and Industrials
8 months ago
Stocks referenced: BTU
Answers
788 points
DaveDiggz answered 8 months ago …
Possibly but it's approaching its resistance point right now. If the stock breaks through $30 on high volume then I'd be BIG buyer. That would be the market telling us it has a lot of confidence in BTU at these prices.
Read more from DaveDiggz
678 points
BoxCar answered 8 months ago …
Yes- A 1yr chart on www.stockcharts.com shows a ;lower "bounce line" of 4 to 5
oscillations from 16 to 26 where it has begun to reestablish another "bounce line"
from 20 up to 40 over next 4 months. Count bounces of an oscillating stock tells
me when it changes based on Chaos Theory & Feigenbaums number 4.6692
After 4 bounces, the 5th will be a change, down or up is anyone's guess.
