Patterson-UTI Energy, Inc.Pembelian
PTEN: Long position, bullish wedge with huge profit potential 🛢
There is nice setup by bullish wedge for mid/long term breakout position trade on
PTEN.
After more than 1year consolidation formed bullish wedge. Now price starting to pump up out of the wedge. at 15.87 level there is 1st potential to take some money of the table because there is long multi years supply zone that toping somewhere at 20.69 level
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Long position trade setup
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Entry: 12.21
Stop Loss: 10.21
Profit Target: 20.37
Trade duration: 8-12 weeks
PTEN.
After more than 1year consolidation formed bullish wedge. Now price starting to pump up out of the wedge. at 15.87 level there is 1st potential to take some money of the table because there is long multi years supply zone that toping somewhere at 20.69 level
==================================
Long position trade setup
==================================
Entry: 12.21
Stop Loss: 10.21
Profit Target: 20.37
Trade duration: 8-12 weeks
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