November 1, 2024
Today I’m analyzing Baytex Energy Corp, focusing on the TSX charts. The stock recently closed at $4.04, just above the key psychological level of $4, which has been tested multiple times. If it breaks, we could see an accelerated sell-off. The anchored VWAP shows that buyers have historically stepped in at this level, but with weakening support, further downside is possible. If we start closing below $4, it may be time to reassess long positions.
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