Hi There shakeout,I thought I would chuck my two cents in … I...

Hi There shakeout,

I thought I would chuck my two cents in …

I agree with all your charting however .. and a big however ..

I think charting BTU and taking the relevant position is fraught with danger as the fundamentals far outweigh any trend line. The court case is everything to BTU, if they win the stock will hit at least their old highs, $1:30 and if they loose … well who knows but, with their last production reports etc etc the stock would tank.
If you were looking to enter the stock, and you want to take on board the risk of a negative judgement, charting could get you the stock a couple of cents cheaper. Still a pretty high risk move either way.

I think there are lower risk stocks to chart and trade out then BTU

Good luck and happy trading !!