Baker & Hughes sharpens decline - Analysis - 09-09-2022
Economies.com
2022-09-09 13:00PM UTC
Baker & Hughes' stock (BKR) fell in the last session amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.
Therefore we expect more losses for the stock, targeting the pivotal support of 22.30, provided the resistance of 26.57 holds on.
Expected trend for today: Bearish
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