BTE // Double bottom formation. Resistance break is a must.Although there is a double bottom formation on the chart, we need closes above 6.17. Pay attention to the wedge resistance on the weekly time frame.
Key stats
Market capitalization
2.763BCAD
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
3.35
Basic EPS (TTM)
1.55CAD
About BAYTEX ENERGY CORP
ISIN
CA07317Q1054
Sector
Energy Minerals
Industry
Integrated Oil
Website
baytexenergy.com
CEO
Eric T. Greager
Headquarters
Calgary
Employees
222
Founded
1993
Baytex Energy Corp. operates as an oil & gas exploration and production company. It engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company was founded in 1993 and is headquartered in Calgary, Canada.
BTE // Inverted shoulder head shoulder formationAlthough there is an inverted shoulder head shoulder formation on the chart, the targets are determined according to Fibonacci.
bte rejected off the extentionlooking for a higher low on the rsi and hold above 50% otherwise we have a gp to gp move.
That previous resistance did not hold as support so I expect it to get tested for resistance again.
if rsi head to 30% we could be setting up a patterner here may be head and shoulders. I hope not.
for now
BTE long entry. Entered yesterday and stopped at open today. Still looks good so were back at it. Target a long off. usual stop loss mgmt. Weekly and dai;y stops
BTE.CA: Ascending Triangle (170%) Cup'n handle (89%)Again, special request by a follower to do BTE.
BTE stock trades on Canadian and US markets. So this chart applies to both.
Left hand side graph shows a confirmed Ascending Triangle on the Weekly with a possible total gain of 170% and a price target of 6.65$$.
Right top graph shows the same week
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Income Statement
Balance Sheet
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Earnings
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