Anand_Iyza
Long

Long BTE b/w 2.04 & 2.13; Target 2.47-2.53

NYSE:BTE   BAYTEX ENERGY CORP
Looking for a long b/s the most immediate low @ 2.04 on hourly and 2.13. However, only a Close above 2.18 on hourly is likely to confirm a short term retrace to 2.50; prior support zone on daily.


Here's a look at the short term hourly chart with the bullish divergence signals.

Fell short of upside target of 2.47. High printed at 2.25 and now the bullish bias is losing steam, expect better entry opportunities in the future for risk reward
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