Baytex Energy Corp T.BTE

Not saying it will go here but these targets r what they r

[Snowballer]

21 DMA (low $5's)  50DMA (mid to high $4's) So for me any further downside from the $5.47 support area would become increasingly probable if the MACD's on larger time intervals cross to the downside.

If stock shoots up suddenly well then I'm wrong, which is okay with me lol

[Snowballer]

Since $3.83 or so the return earned on the SP at $5.65 is around 47%!!!  I did not capture this return obviously (did not buy the bottom or sell the very top). I imagine profit taking underway or coming

[Snowballer]

Also interesting to note the bearish divergence on the MACD to the candles on the daily.

[Cobalt]

Look at the candles on the XLE scary ;)

[Snowballer]

Looked. Hard for me to tell to be honest. I'm not a candle expert as much... Would need to see confirmation on larger timeframe of multiple factors but the 1 hour chart looks weak. 4h a litte wonky and the daily has a 70RSI so not super bullish that's for sure but guess we'll see

[Cobalt]

WTI checking back to the 200ma around $77 could very well be in the cards

[Snowballer]

I would only be too thrilled if it did. Once ya sell you don't really care to see the thing keep goin up hahaha

[Snowballer]

to be fair If we re-test the BTE 200DMA with support that brings us to $5.43 which also closes that gap up I believe. So that's priority #1.. see what happens at the 200DMA

[Snowballer]

or $5.44 whatever the precise penny is lol (always use a range tho) so somewhere in and around there lol

[Cobalt]

Nice spot, missed that gap my work says 93% of all gaps get filled best odds in the market dyodd