Diving towards a strong key area with positive analyst expectations I would consider Baytex Energy as a possible buy. Areas plotted to look out for, combined with daily and weekly moving averages to be used as S/R confluences.
Baytex Energy Corp.'s Intrinsic Value Is Potentially 93% Above Share Price.
Key Insights
Using the 2 Stage Free Cash Flow to Equity, Baytex Energy fair value estimate is CA$11.54
Baytex Energy's CA$5.97 share price signals that it might be 48% undervalued
Analyst price target for BTE is CA$7.58 which is 34% below our fair value estimate
Opportunity
Annual...
looking for a higher low on the rsi and hold above 50% otherwise we have a gp to gp move.
That previous resistance did not hold as support so I expect it to get tested for resistance again.
if rsi head to 30% we could be setting up a patterner here may be head and shoulders. I hope not.
for now, watching 50% rsi 30%
Divergence was the sell signal.
Again, special request by a follower to do BTE.
BTE stock trades on Canadian and US markets. So this chart applies to both.
Left hand side graph shows a confirmed Ascending Triangle on the Weekly with a possible total gain of 170% and a price target of 6.65$$.
Right top graph shows the same weekly chart but this time with a confirmed cup'n handle with possible...
Entering here on the retest of the 236. Looking to ride daily candles up to 382. Daily MA's are with us and a cross of the hourly CCI this morning prompted an entry. Stop will be split 50:50 once in profit to run under Daily and weekly HK candles.
