LeLaf

BTE.CA: Ascending Triangle (170%) Cup'n handle (89%)

TSX:BTE   BAYTEX ENERGY CORP
Again, special request by a follower to do BTE.

BTE stock trades on Canadian and US markets. So this chart applies to both.

Left hand side graph shows a confirmed Ascending Triangle on the Weekly with a possible total gain of 170% and a price target of 6.65$$.

Right top graph shows the same weekly chart but this time with a confirmed cup'n handle with possible gains of 89% for a price target of 4.69$ .

Finally, the Energy sector is shown on the bottom right graph (weekly chart). Again, an ascending triangle (not confirmed) with possible gains of 77%. This reinforces the possible gains for BTE. Energy sector has to break the 460$ resistance level to confirm.

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