Breakout entry following a market pullback. Look for follow through on day 1-2.
BKR is down to the weekly trendline and bouncing off the 200 EMA. Daily chart is showing consolidation as well. Buying calls at $30 strike price.
This Week FORECAST Opportunity for BKR. This setup trading idea is for intraday. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
FMCBR Technical Analysis based on Elliot Wave and Fibo Musang. Credit to Cikgu Zul (FMCBR Founder)
Oil related equities demonstrate impressive relative strength to the rest of the sectors, occupying 6 out of 10 best performing market groups. HAL - is one of the best stocks in the energy sector, with impressive consecutive earnings and sales growth 4 qrts in a row and double digits growth in eps estimates. Beside strong fundamentals, I always look for the...
Entry: with price at or above 36.81 Volume: with volume greater than 5.6M Target: 39.99 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 36.81 & target of 39.99, a stop at 35.75 gets you 3/1 Reward to Risk Ratio. Resistance: Resistance around...
Took position here Tues after strong open, looking for a push over ATLR. Have DTLR coming in around $37.75. Did not realize at the time earnings was yesterday AM but the reaction was a small gap down that reversed and we got a higher close. Volume picking up as well. Generally like the consolidation and green candles with no tail wicks which suggests while sellers...
Baker Hughes just touched the low of outer channel, should bounce back from here.
The PEAD projected a Bullish outlook for $BKR after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
The Baker Hughes Company (BKR) has risen by +9.84% so far from its previous close but technically this post earnings euphoria should be short-lived. The long-term chart of the 1W time-frame speaks by itself. The stock is being rejected on a Lower Highs trend-line since June 2008. The latest rejection (March 2022) is basically repeating the pattern of July -...
Negative market sentiment. I took it short. Target price 20$.
The PEAD projected a Bearish outlook for $BKR after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
If things won't deteriorate ahgain, BKR may recapture its recent highs soon again. This might be a long opportunity imo. Other oil field service stocks seem to recover as well. TDW absolutely killing it today. One may want to wait another day (candle) to make sure price recaptures SMA50 and stays above it until close.
A price action above 29.95 supports a bullish trend direction. Crossing below this level will negate the bullish stance. Upside price momentum supports the bullish trend direction. Remains above its 200-day simple moving average. Trend strength suggest a strong trend gaining strength.
Looking interesting, but alot of stuff just isn't working at this time.. lots of squatting.
Desicion to Buy. Entry Price = $36.66. Target Price=$37.43. Stop Price=$35.89