Baker Hughes (BKR) | Pre-Earnings Long Setup + DZ Bounce

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Baker Hughes (BKR) | Pre-Earnings Long Setup + DZ BounceBaker Hughes CompanyNASDAQ:BKRDubaiTradersHub After a monster run into the $50+ zone, price has corrected sharply into a Demand Zone. BKR wicked below $44.03 and immediately recovered, showing absorption of sell pressure โ€“ classic trap-and-reverse setup. ๐Ÿงพ Earnings Outlook Last Earnings (Jul 22): EPS: $0.63 vs. Est. $0.555 (+13.44% surprise) Revenue: $6.91B vs. Est. $6.63B (+4.23% surprise) Upcoming Earnings: Oct 23, 2025 EPS Est: $0.616 Revenue Est: $6.83B Demand Zone Reaction: Currently bouncing off key $44โ€“$43.9 zone Supply Zones: $50.35โ€“$50.93 (Target zone) RSI: Positive divergence visible ๐ŸŽฏ Trade Idea: Long Setup Entry: $45.30โ€“$45.49 (current bounce level) Stop Loss: $43.96 (below Demand + fakeout range) Take Profit: $50.88 (near previous high) Risk/Reward: 1:3.52 Risk Management: Max Risk: 1โ€“3% of capital Trade Management: Move SL to BE at 1:1 RR (~$46.8) Scale out 25โ€“50% at $48.5โ€“$49.0 Let remains run to $50.88 if momentum persists "The market is a device for transferring money from the impatient to the patient." โ€“ Warren Buffett โš ๏ธ Disclaimer This is not financial advice. Always conduct your own analysis and risk assessment. Trade at your own discretion. #BKR #DemandZone #LongSetup #EarningsDrift #OilSector #SupplyResistance #TechnicalAnalysis #HeikinAshi #TradingViewIdea