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
BKR trade ideas
$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!
