Baker Hughes (BKR) shares are entering what appears to be a prime accumulation zone after a prolonged correction. The stock has declined by 15% since February, now trading around $39.00, and had previously fallen as much as 27% to $33.56 in April — its lowest level since September 2024. Over the past two months, the price has consolidated within a tight range, suggesting a strong underlying support near current levels. Historically, this area has acted as a launchpad for significant rallies, and with the recent 17% surge in oil prices, the macro environment is turning increasingly favorable. As a leading oilfield services provider, Baker Hughes stands to benefit directly from increased drilling and exploration activity driven by higher energy prices. I am planning to open a long position in the $37–39 range, targeting an upside move toward $48–50, which represents a potential gain of 28–30%. A stop-loss at $28 would cap the downside near the April lows, maintaining a balanced risk-reward profile.