Baytex Energy Corp T.BTE

RSI Indicator

[jack4567]

When a stock is on the move, it can be best to ignore an RSI overbought indicator.  A while back I sold TFI International because the RSI showed overbought.  The stock then went up like a rocket.

[Snowballer]

Nice play on TFI. While it could go higher (and probably will a bit) it is at an all time high and appears to be rolling over soon - Daily MACD and RSI 70+. Transportation I suspect will get hammered on demand pullback coming. The chart is very extended here.  You may want to take some off the table even if you're holding long term... Great investment on your part tho

[Snowballer]

Also just a thought, if oil price continue to climb so will transportation costs... and cost along the supply chain as wel. Combined with high interest rates and the wall of corporate debt  - all the fun times will come to an end just a matter of time.

[Cobalt]

Real close to taking my Nat gas plays off way way too much profit to be sitting in energy with what many think is coming, then reload on AI plays this fall in a huge market correction. 

[Nothingmatters]

Cobalt take your bs elsewhere.

[masfortuna]

I sold hnu yesterday. Missed today's profit.  Oh well... Anyhow Cobalt as I said before, you either are a mullti multi millionaire at this point since all your plays are golden, OR you post BS about stuff you actually don't own. I am going with the BS stuff personally but maybe I am wrong... FYI if you are as successful as you claim then this is the best thing to do with your time

[Cobalt]

All my plays are golden? what the h*ll is wrong with you have you seen the AI plays today LUL

[Cobalt]

Who cares if you sold HNU without a buy call it means nothing LOL sound familiar? You must be a millionaire nothing but wins , why you even here must be better thing to do with all that money.

[masfortuna]

I am responding to your clown post.  You keep showing up lecturing everybody here about your garbage.  Nobody here cares unless they can get info that they previously missed.  You don't provide any of that except to tell us your "great plays" after the fact.  This sin't a social club and nobody here is your friend.  Get it? 

[Cobalt]

Oh but you care very much LOL

[masfortuna]

Nah:

[Cobalt]

Inside joke LOL

[Cobalt]

See how bad things are in China? Untill a few days ago the energy market was all China, makes me think alot of short covering going on.

[Cobalt]

Copper stocks get it but energy does not hmmm

[Nothingmatters]

Sorry sour grapes... keep on being sour... this juggernaut ain't stopping. 

[Moemoney42]

Now that we've cracked that ~$5.50 resistance level, it should provide support.. that's what I'm counting on.. and if we can hold that support, my previous prediction of $5.75 ish is the next level of a bit of resistance.. Ideally if we can break that ~$6.25 level, it's looking like a good run could be in the cards.. by that time Q3 numbers should be out and a full quarter of

[David01montreal]

This post has been removed in accordance with Community Policy

[Snowballer]

Yes agreed. I try to look at numerous indicators and not just one. The candles and resistance levels cobmined with MACD and RSI are like levers of a small plane and I'm trying to make a successful profitable landing before these turbulance gages max out in the red loll. But if I had just one gage to look at the RSI for me is key.