lukelehepuu
Short

BHI STOCK SHORT

NYSE:BHI   BAKER HUGHES INC
Ticker: BHI            
Direction: SHORT
Entry Price: 45.44
Current Price: 44.49

Description of Chart:
Currently up on this idea but small, still plenty of opportunity to get short at this level. 27.26 is our long-term target which can be achieved. We hit the 200MA on the 1D chart which was also a resistance level . Now we are re-testing the downward sloping trend channel which, if violated, could point to some more downside action so it may be good to short on a break of that downward blue line.

You can view all of my charts on my website if you are interested in a certain product. I also run a PAMM account that you can join, it is where you invest into an account managed by myself and I make the trades to make you profits.
Website: http://www.lukelehepuu.com

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