BKR trade ideas
BKR Bull Flag BreakoutBKR 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
$BKROn 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 $BKR supplies rig companies with the equipment to operate.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NASDAQ:BKR
GIVING AN ENTRY POINT NOW!Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
NO TIME TO DESCRIBE, AN ENTRY POINT NOW!
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If it does make sense to you, press a thumb up! 👍
GIVING AN ENTRY POINT NOW!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! 👍
Rising SupportSeems like the best trades in this current market conditions are bounces off rising support
BKR Scene of the Crime (UP)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!
