$HAL Reversal spells S-H-O-R-T': And it will happen very fast!
It took OCT 28 to DEC 22 for HAL to climb from 11 to 20+
Expect the reversal to happen even quicker, although there is no surety that
HAL retraces 11. This calls for a short, but just "HOW SHORT" is unclear. It could revisit the October lows, with COVID continually presenting new challenges to the global economy. The fact is, 
USOIL had its bull run, but conditions are not indicative of a global economy that is healthy enough to support any long positions on oil and oil-related stocks.
Best of luck
-BDR
Expect the reversal to happen even quicker, although there is no surety that
HAL retraces 11. This calls for a short, but just "HOW SHORT" is unclear. It could revisit the October lows, with COVID continually presenting new challenges to the global economy. The fact is, USOIL had its bull run, but conditions are not indicative of a global economy that is healthy enough to support any long positions on oil and oil-related stocks.Best of luck
-BDR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.