If things won't deteriorate ahgain, BKR may recapture its recent highs soon again. This might be a long opportunity imo. Other oil field service stocks seem to recover as well. TDW absolutely killing it today. One may want to wait another day (candle) to make sure price recaptures SMA50 and stays above it until close.
A price action above 29.95 supports a bullish trend direction. Crossing below this level will negate the bullish stance. Upside price momentum supports the bullish trend direction. Remains above its 200-day simple moving average. Trend strength suggest a strong trend gaining strength.
Looking interesting, but alot of stuff just isn't working at this time.. lots of squatting.
Desicion to Buy. Entry Price = $36.66. Target Price=$37.43. Stop Price=$35.89
BKR had a strong uptrend before forming a bullish flag pattern Price has broken and closed above the flag which is the resistance Went Long at 34.94 Stop loss will be placed below previous pivot low
On the bigger picture I want to say this is an inverse head and shoulders. Pay attention for this to break further to the upside. With oil prices rising $BKR supplies rig companies with the equipment to operate. CHART LEGEND: white dashed lines = bull/bear takeovers blue lines = call targets yellow lines = put targets red line = danger zone orange lines = trend...
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart: NO TIME TO DESCRIBE, AN ENTRY POINT NOW! Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$ If it does make sense to you, press a thumb up! 👍
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart: NO TIME TO DESCRIBE ENTRY POINT NOW Potential risk/reward ratio = 1 to 13.5 meaning that potential risk 100$ with the possibility to make 13.5$ If it does make sense to you, press a thumb up! 👍
Seems like the best trades in this current market conditions are bounces off rising support
I was in a roundabout way intuitively guided (from a dream) to this stock I guess. I don't follow it at all. My dowsing on it suggests over the next 8 days it'll go back up to the earnings drop from Oct. 20th = $26.85ish and the trade is over. So, wth... options volume is super liquid, so I'll take a shot!