Baker Hughes
-
BKR
-
$43.75
-
+0.71%
-
$43.91
-
$44.25
-
$42.75
Tue, January 30, 2024 | 11:32AM ET
I discussed technically last week whyOIH-0.30% might face some resistance heading into this week, and today'sSLB-0.49% ,BKR0.71% HAL-0.67% losses (4-9% in today's trading) have resulted in OIH pulling back sharply from trendline resistance. I expect today probably marks an attractive opportunity for traders. yet, trend followers will require a rally back above this ongoing downtrend. this will take time. At present, OIH is well up off early lows and this is encouraging after the early decline
