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tradepatiently
Sep 4, 2023 4:47 PM

BKR Entry, Volume, Target, Stop, Resistance Long

Baker Hughes CompanyNASDAQ

Description

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 $38.60 and $39.80

This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.

Trade active

Trade closed: stop reached

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