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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged 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. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Bull Intact
View:
Post by IndianSparrow on Mar 17, 2022 10:54am

Bull Intact

BTE's bullish chart is very much intact and playing to support levels. Check the 3 month, 6 month, 1 year , 3 year supports and you can draw a perfect support line. The last support was tested yesterday at 5.40ish area and the chart has resumed back to its bullish pattern. I also notice a bazooka pattern forming which suggests a big breakout move to the upside is in the making. GLTA
Comment by topdown99 on Mar 17, 2022 11:11am
You "nailed it" sparrow , the chart is a confirmation that this "wet dream" will keep on giving and keep that smile on your face . The last few days were somewhat predictable although a bit more violent than I expected . The point is , a bit of a breather is necessary to confirm support and shake the weak hands out of the money tree . bnn is rolling out M McGloom again , looks ...more  
Comment by Stockhudson on Mar 17, 2022 11:45am
can we put MCClown on ignore 
Comment by topdown99 on Mar 17, 2022 9:54pm
WTI at $105 right now , that price and higher will take care of McClown , lol
Comment by Indicator on Mar 17, 2022 12:04pm
Indeed ... short term chart is looking good here, lagging other CDN oily names: Daily Chart: RSI hooking up suggests mid range reversal in the works Full Stochastic in bottom of channel and starting to round the corner Lagging MACD will follow Stochastic Selling volume dissipated FOMO may press the action here soon. Good luck!
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