BKR trade ideas
$BKR with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:BKR after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 55.56%.
Baker Hughes Co (BKR) range idea | pre-marketThe labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an avoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on
Within a 100K account balance the split on trade & risk management = 1/10% - 1/20% margin as an execution range, to set up an order entry and select a per trade on average, to avoid any drawdown hit regarding to the stop loss & to execute risk on management specifics. Trail stop efforts are a focus of attention to the set up in general when volatile-price-action is involved, mainly because of the usage of an intraday-scalp-position tool on behalf on the trade plan in general
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# TREND | TIME FRAME CONDUCTIVE | Daily Time Frame
- General Trend
- Measurement On Session
* Signpost
* Support & Resistance
* Trade Area | Focus & Motion ahead
# POSITION & Risk Reward | 16 Hour Time Frame
- Measurement On Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Baker Hughes Co (BKR): Overall Consensus | Buy
BKR & ED: Keep an eye for multiyear breakoutBaker Hughes Company
The stock was earlier caught in a prolonged consolidation phase, during which it established an Inverted Head & Shoulder pattern.
After the breakout, the price experienced a sharp rise but underwent a correction following the formation of a Double Bottom pattern.
Subsequently, the stock entered another period of consolidation, gradually trending upwards.
During this time, an Ascending Triangle pattern formed, and the price has recently achieved a successful breakout.
If it maintains its position above the breakout level, the uptrend is expected to persist.
Consolidated Edison
In the weekly chart, the price initially moved downwards and created a Falling Wedge pattern.
Typically, when this pattern emerges, the price surges higher following the breakout.
In this case, the price indeed soared to its record high around the 102 mark post-breakout.
However, the stock couldn't sustain the upward momentum and swiftly dropped from the all-time peak.
Subsequently, a consolidation phase began, with the price consistently finding support at the 200 EMA.
At present, the price is poised for a breakout, potentially leading to an upward rally upon confirmation.
BKRThis Weekly FORECAST
Opportunity for BKR. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
BKR: testing its 200-day simple moving averageA price action above 33.00 supports a bullish trend direction.
Further bullish confirmation for a break above 34.00.
The target price is set at 35.00 (ts full retracement level).
The stop-loss price is set at 32.00.
Testing its 200-day simple moving average and crossing above and remaining above it, will support a bullish trend direction.
BRK long entry at breakoutBreakout entry following a market pullback. Look for follow through on day 1-2.
Buying LEAPS!BKR is down to the weekly trendline and bouncing off the 200 EMA. Daily chart is showing consolidation as well. Buying calls at $30 strike price.
BKRThis Week FORECAST
Opportunity for BKR. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
BKR going to LONG?FMCBR Technical Analysis based on Elliot Wave and Fibo Musang.
Credit to Cikgu Zul (FMCBR Founder)
BKR: Energy stock has room to out-perform Oil related equities demonstrate impressive relative strength to the rest of the sectors, occupying 6 out of 10 best performing market groups.
HAL - is one of the best stocks in the energy sector, with impressive consecutive earnings and sales growth 4 qrts in a row and double digits growth in eps estimates.
Beside strong fundamentals, I always look for the price to establish reliable basing pattern with low risk entry point. Preferably I want this pattern to fit well into the larger elliott wave context, having upside potential within the price structure.
Within the structure from 2020 lows, I can see at least one more move to the upside into 40-45-47 area of larger resistance.
Trading plan: if price manages to break out above Friday's highs with volume rising above average, I will be planning to start building the position with 3-5% stop. Further follow-through above 36.2 and later 36.9 area would be a signal to add-on to position.
Other technical signs to consider:
- I was wowed by five (!) consecutive tight weekly closes. History of true market leaders (TML) through out each and every up-cycle teaches us that every TML had 2-3 weeks of tight closes during initial phases of price advance.
- Though afterward breaking out from 5 weeks tight base, price faced 5 weeks of decline below this base, with some signs of distribution. Probable that was due to general market sell-off, but price is still below key 10w. MA, meaning it is still vulnerable to the downside;
- I like the break-away gap in the beginning of October - sign of strength.
The short-term potential of the analysis is valid until price stays above Oct. lows.
Caution: Earnings are scheduled next week.
Important notice: Elliot waves and fibonacci retracements are a very subjective form of analysis and I don't personally trade out of them. I use them only for the purpose of gauging structural potential of any assets, that allows me to put more confidence when low-risk trading set-up emerges. Analysis and opinion doesn't pay, only price pays.
BKR Entry, Volume, Target, Stop, ResistanceEntry: with price at or above 36.81
Volume: with volume greater than 5.6M
Target: 39.99 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 36.81 & target of 39.99, a stop at 35.75 gets you 3/1 Reward to Risk Ratio.
Resistance: Resistance around $38.60 and $39.80
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
BKR - Consolidating at resistanceTook position here Tues after strong open, looking for a push over ATLR. Have DTLR coming in around $37.75. Did not realize at the time earnings was yesterday AM but the reaction was a small gap down that reversed and we got a higher close. Volume picking up as well. Generally like the consolidation and green candles with no tail wicks which suggests while sellers are present, they're not aggressive.
Buy signa lin Baker Hughes
Baker Hughes just touched the low of outer channel, should bounce back from here.
$BKR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BKR after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
BAKER HUGHES Don't be fooled by this +10% move today.The Baker Hughes Company (BKR) has risen by +9.84% so far from its previous close but technically this post earnings euphoria should be short-lived. The long-term chart of the 1W time-frame speaks by itself.
The stock is being rejected on a Lower Highs trend-line since June 2008. The latest rejection (March 2022) is basically repeating the pattern of July - October 2011. If the price currently gets contained below the 1W MA50 (blue trend-line), then as per the 2011/12 fractal, we should see a new multi-month downtrend towards the 0.786 Fibonacci retracement level and then consider a (slow) recovery back to the Lower Highs trend-line. Notice how even the 1W RSI sequences of the two fractals are identical.
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$BKR with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BKR after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
BKR buy signal in the daily chartIf 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.
BKR: building a base?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.
