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Patterson-UTI Energy, Inc.Patterson-UTI Energy, Inc.Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc.

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PE1 trade ideas

$PTEN to $10 (nice name)Stupid options contract volume on puts to 2k. 47,000 volume with only 711 open interest yesterday. Indicators show the reversal forming but have not flashed confidence yet. The volume does not match on the call side, this seems heavily favored in one direction Fibs show room down, lack of support for key levels from here to 10. Ultra low priced contracts with massive liquidity in an otherwise low liquidity options chain. My P target is TEN (see what I did there) Not trading advice.
NASDAQ:PTENShort
by mike-ai-automation
PTEN: Long position, bullish wedge with huge profit potential 🛢There is nice setup by bullish wedge for mid/long term breakout position trade on PTEN. After more than 1year consolidation formed bullish wedge. Now price starting to pump up out of the wedge. at 15.87 level there is 1st potential to take some money of the table because there is long multi years supply zone that toping somewhere at 20.69 level ================================== Long position trade setup ================================== Entry: 12.21 Stop Loss: 10.21 Profit Target: 20.37 Trade duration: 8-12 weeks
NASDAQ:PTENLong
by Tomasgei
Patterson-UTI overflowing. PTENWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NASDAQ:PTENShort
by Rykin_Capital
Can Patterson Reach at a NR7 Bar?** Comments and Likes are appreciated; New Subscribers are super! ** What I see... + Inside NR7 bar on very high vol. + RSI at 63 + MACD is bullish + 10MA has just crossed above the 50MA about 10 sessions ago + Lower price stock + Bollinger is still relatively narrow - 10MA is still far away - Upper shadow today failed to form a true inside hammer What I setup... + Long entry above $4 - Stop at today's low + Target at lo $5 range :: Duration - 2 to 6 days
NASDAQ:PTENLong
by ShakeShakeLeg
PTEN Long Amateur Trader, first idea. STOCK: PTEN (a drilling company in North America) Strong resistance at around ~1.90 at lowest, ~2.70 at highest and 2.3 at the middle. Can go up until it reaches 75% of top. Good profit before the 5th crash in a few days. The company is very established with a long history of ~$8-10. The last time prices were this low (~$2) was a LONG time ago when I was born (1999). Note: I am just a guy trying to analyze a chart. Please don't take this as professional financial advice.
NASDAQ:PTENLong
by RyZi
PTEN Patterson-UTI Energy, Inc. short - on a downwards slideThe Patterson-UTI stock has been in an intact downward trend since April of this year, a trend which really picked up the pace in particular towards the end of July. Since the last strong downward movement, the stock of the company has now recovered well and corrected almost one hundred percent. Currently, we can already see the first signs that it could go in the direction of the main trend once more, making the stock a potential candidate for the short direction. In the hourly chart, the currently running correction can be seen, which was in a sideways phase and now develops in our preferred trading direction. For a short entry, we should wait for the formation of a signal, e.g. in the form of a P2, and place the stop loss above the last P3. Alternatively, and with the advantage of a cheaper stop, one can also practice trading from out of the correction or the formation of a reversal candle at a significant point. The targets are located in the areas around approx. $15.00, which makes the stock even more attractive for short entries due to the potential down to the first target. If the price considerably exceeds the last significant high at approx. $21.00, we should abandon the short scenario for the time being (daily chart, depicted in red).
NASDAQ:PTENShort
by ATT_Trading
PTEN Patterson-UTI Energy, Inc. short - on a downwards slideThe Patterson-UTI stock has been in an intact downward trend since April of this year, a trend which really picked up the pace in particular towards the end of July. Since the last strong downward movement, the stock of the company has now recovered well and corrected almost one hundred percent. Currently, we can already see the first signs that it could go in the direction of the main trend once more, making the stock a potential candidate for the short direction. In the hourly chart, the currently running correction can be seen, which was in a sideways phase and now develops in our preferred trading direction. For a short entry, we should wait for the formation of a signal, e.g. in the form of a P2, and place the stop loss above the last P3. Alternatively, and with the advantage of a cheaper stop, one can also practice trading from out of the correction or the formation of a reversal candle at a significant point. The targets are located in the areas around approx. $15.00, which makes the stock even more attractive for short entries due to the potential down to the first target. If the price considerably exceeds the last significant high at approx. $21.00, we should abandon the short scenario for the time being (daily chart, depicted in red).
NASDAQ:PTENShort
by ATT_Trading
Weekly engulfing breaching $20 for Patterson-UTI Energy (PTEN)Last week Patterson-UTI Energy finished with bullish engulfing which pierced up critical price of $20 for the share. This resulted in price bouncing off the lower boundary of the channel which now has every chance to extend its upward motion. Fundamentally oil sector companies are recovering the losses which were incurred due to the low oil prices This is the reason why some fundamentalist are now calling to purchase the shares of energy sector and estimate the energy sector to outperform. For more ideas visit mercuriusam.wordpress.com
NASDAQ:PTENLong
by AleksandrLombrozo