Baytex Energy Corp T.BTE

10 year chart

[IndianSparrow]

Cup and Handle Formation coming into play here. I see this starting to get to the handle formation stage at around $15 level. Handle should complete in the range of $ 20 - $26. Time frame is < 2 years. glta. 2="" years.="">

[Nothingmatters]

Lol drink coofee from cup and handle..quote=IndianSparrow]Cup and Handle Formation coming into play here. I see this starting to get to the handle formation stage at around $15 level. Handle should complete in the range of $ 20 - $26. Time frame is < 2="" years.="" glta.="" 2="" years.="">[/quote]

[IndianSparrow]

Will sell half my position around $25. Keep the rest for the 10 year double top at around $50. This scenario has played out with my previous holdings in other sectors. I used to own EDV when it was $ 2.50. Took me 6+ years to get the top value out of that position. The charts always complete their journey. You just have to have the patience and time frame to work through them.

[Nothingmatters]

Why dont you keep all till $50... why sell half at $25????

[IndianSparrow]

I will take 50% off on a cup and handle formation completion as this will be a realization of 1000% return on my original investment. I will move this portion to my dividend paying investments in large cap stocks which are paying for my cash flow needs. It is called investment prudence and discipline.

[BayStreetWolfTO]

Not many in the market have patience nowadays. Monday is always exciting though. Just watching the algos play it out...catch some on margin and buy where I can

[deepblue]

Got it..Keep buying the dips!

[BayStreetWolfTO]

Too bade SH doesn't allow you to post pics directly. Would be nice to see this stuff real time

[Nothingmatters]

This clown does not believe in technical but whatever suits him wants to see in real time....look at the biases in play.....