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Anand_Iyer
Oct 28, 2018 10:57 PM

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

Baytex Energy CorpNYSE

Description

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.

Comments
Anand_Iyer
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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