Post by
Snowballer on Aug 01, 2023 6:48pm
Observations
June 2022 $9.16 high 81 RSI Daily Chart
Nov. 2022 $8.15 high 69 RSI Daily Chart
August 2023 $5.54 high 75 RSI Daily Chart
BTE is a pain in the *ss stock lol The highs are brief and the time inbetween like torture as it only keeps downtrending over time. But when it runs it runs loll.
My target for the stock is $6.30ish based on connecting the trendline from the previous highs which tends to match a few of the analysts target and forms the longstanding downtrending channel.
I'm not in it at the moment but in other plays. If we open under $5.50 it may be worth a jump back in for me.
If you're long and you see 81 RSI one day consider taking some off the table.
Comment by
Cobalt on Aug 01, 2023 6:55pm
Thanks good info oh take my 75 off the table for now ;) "Oil Prices Balloon On Largest Single-Week Crude Inventory Crash In Years"
Comment by
Snowballer on Aug 01, 2023 7:05pm
It's our ability to adapt and pivot that makes it fun and interesting. Cause if we knew the future we wouldn't have to work so hard lol.
Comment by
Cobalt on Aug 01, 2023 7:18pm
Working hard to find a under owner Oil ;) found one most are overbought, Nice W formation break-out with a retest today cheers
Comment by
Snowballer on Aug 01, 2023 7:20pm
Look how cheap Birch is...
Comment by
Cobalt on Aug 01, 2023 7:27pm
Own it , looking for heavy oil.
Comment by
barneyj44 on Aug 01, 2023 7:50pm
Agree and a 10% yield to boot.
Comment by
barneyj44 on Aug 01, 2023 7:59pm
Agree and a 10% yield to boot.
Comment by
Cobalt on Aug 01, 2023 7:34pm
Too the DM's board does not get my pick yet LOL
Comment by
masfortuna on Aug 01, 2023 9:41pm
I don't know about $6.50 over the next couple of days but I DO see $6 as possible. Yup 81 rsi should be a sell.