By Licia Leslie
March 2, 2025
Hi Shoppers,
Check out the possible bullish engulfing candle created in Baker Hughes (Ticker: BKR) right on support … where we like it:
It has also closed over the 50 day moving average.
Now all we need is confirmation and BKR will trade up to $47.53.
Trade Review
The S&P 500 (Ticker:SPX) had a tremendous rally on Friday with a huge bullish piercing candle. We trade higher tomorrow, we may have found the bottom.
Thank You For Reading … See You Next Wednesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain
PFE May17 26 calls closed for a 66% win
OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain
OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain