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...
Although there is a double bottom formation on the chart, we need closes above 6.17. Pay attention to the wedge resistance on the weekly time frame.
Although there is an inverted shoulder head shoulder formation on the chart, the targets are determined according to Fibonacci.
Long entry here after pullback. Target is optimistic. Usual stop loss MGMT, in thirds.
Long entry on 3/8 pull back. Targeting major 236. 50:50 stop loss mgmt on Daily and weekly
Ascendig funel with 3 domes for Baytex energy, with lots of acuracy
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.
Entered yesterday and stopped at open today. Still looks good so were back at it. Target a long off. usual stop loss mgmt. Weekly and dai;y stops
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...
Energy and ressources on the move. Could continue. Cup'n Handle, confirmed! Price Target = 4.66$ Stay Humble, Have Fun, Make money!
Good Technical and Fundamental so target 2.8, duration 1 to 5 months
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.
If we can hold above the 236 and break of this trend line we could have a nice run up the fib levels. Watching for a pull back to the 236 here.
Possible Head'n Shoulder forming Must break A-B support for confirmation. No down trend in sight for now. Watching.