HAL- 60 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
HAL
BUY HAL ABOVE 1340 TGT1560/1780/2150/2380 AVG@1240 SL 1040As per the current geopolitical situation, India is also at the point to upgrade its air-force fleet on the numbers as well as modern technologies which will be huge advantage on for this stock. On the charts we can see rounding bottom formation with a hammer in the last weekly candle One can take positions in the futures with a view of short term ranging from 3-9 months for the above mentioned targets with given stop-loss
Hello $HALWe have arrived at the 200EMA and have been pushed back slightly, its always a fight to cross over right?! Well this shouldn't be much of a fight with 5 weeks of bullish volume and for the last 3 of those weeks we've been over the 21MA 50EMA & 20EMA. So a position here isn't looking like a bad thing! A break over $25.10 should run the stock up to about $30 and I wouldn't be surprised if it pushed again after that... energy is doing well and will continue into the new year.
A HAL break of the trendline could mean a rise to $32 then $40+ We have a rise to the trend line currently happening with sharp increase in oil. If we stay above the $60 a barrel oil, look for a continuation of HAL and a break a small resistance line at $25 follow through to the larger $32 trend line we open up $40 on the market.
We are currently long, holding a majority from $8-9 range.
THE WEEK AHEAD: HAL, NFLX, AA, UAL EARNINGS; EWZ, XLE, SLV, IWMHIGHLY LIQUID OPTIONS SINGLE NAME EARNINGS (LISTED CHRONOLOGICALLY IN ORDER OF ANNOUNCEMENT AND SCREENED FOR >50% 30-DAY IMPLIED):
HAL (13/61/13.9%),* Tuesday, before market open
NFLX (25/50/11.3%), Tuesday, after market close
AA (18/69/15.9%), Wednesday, after market close
UAL (13/64/14.8%), Wednesday, after market close
From a bang for your buck perspective: AA ranks first, UAL, second, followed by NFLX, and HAL.
I already have a covered strangle on in UAL and don't anticipate putting on more single name risk in the IRA (which is my primary focus running into retirement), but will naturally post a play should I get into one.
EXCHANGE-TRADED FUNDS WITH >35% 30-DAY AND RANKED BY THE PERCENTAGE THE FEBRUARY AT-THE-MONEY SHORT STRADDLE IS PAYING AS A FUNCTION OF STOCK PRICE:
EWZ (18/45/10.3%)
XLE (23/42/9.7%)
SLV (25/42/9.4%)
GDX (12/38/9.2%)
XBI (18/37/8.7%)
KRE (16/36/8.7%)
EWW (15/36/7.5%)
I'm already in everything here but for KRE and EWW (the lowest bangs for your buck on the list) and the February monthly is a bit short in duration here for me (34 days) and March a tad long (62 days), so I may not do much this week in these, although going out to March with another rung in my GDX, SLV, and XBI positions isn't out of the question.
BROAD MARKET RANKED BY 30-DAY IMPLIED:
IWM (24/32/6.8%)
QQQ (22/30/6.4%)
SPY (16/24/4.8%)
DIA (13/23/4.6%)
EFA (14/20/3.8%)
In spite of the fact that IWM and/or RUT have the higher 30-day, I may look at adding a July (181 days) rung to the SPY short put ladder I have on in the IRA, targeting the strike paying at least 1% of the strike price in credit (which would currently be something like the 240), and do the kind of "opportunistic rolling" I've been doing with shorter duration rungs. (See Post Below). Although most frown upon going out this far in time, it's a way to deploy otherwise underutilized buying power that will earn something >0% while I work shorter duration setups or wait for a higher implied volatility environment and/or greater weakness. Additionally, my goals for the IRA are somewhat modest from a return on capital standpoint: I'm not looking to hit homers or be an incredibly attentive investor, opting for a once a week or even a once a month schedule of looking at things, making adjustments as appropriate, and/or taking off stuff approaching worthless that doesn't merit hanging onto due to the amount of time left in the contract.
* -- The first metric is the implied volatility rank or percentile (i.e., where the 30-day is relative to where it's been over the last 52 weeks); the second, thirty day implied; and the third, the percentage the at-the-money short straddle in the February monthly is paying as a function of stock price.
$HAL Long-Puts to Rely on $USOIL rejection before 50/bar (SHORT)In order for $HAL, $LBRT, $SOI and the other oilfield prep companies to precipitously fall in value, it will take OIL itself tanking a good bit more.
Right now, Oil is very bullish -- HOWEVER, if it pushes back to the high 49s/bar, what we expect to see is a strong Dikembe Mutombo-level rejection of that value...From that rejection, the SHORT would be relying on a sell-off from the more impatient investors (which abound). There will be a shakeout of investors, and most will feel good accepting a small gain or loss, but when the bottom falls out of oil w/ COVID spikes inevitable, it will be too late for those who thought they could react just before it "got really bad."
To hit June or Sept lows, we need to chart oil and spot its resistance for what it is (49.88 is the pivot point I keep going back to).
This is so far from advice, that it is more akin brainstorming!
While it is likely this trader place a long put on $HAL, it could just as easily be placed on $GUSH (an ETF for oil 2x bull run), which has a direct reaction and correlation to $USOIL prices, unlike Halliburton and Liberty, which have a correlation, but one that at times proves to be weak or not as statistically significant.
And for those of you out hunting bears like me right now, make sure your fly is up and your shots are straight, because most bulls are going to be caught naked as this bull run (that has lasted since late March) comes to its close. The notion on every one of their parts is that they'll get out "Just before that happens." Um, c'est la vie, because it's difficult to sell things plummeting as the speed of sound.
Right now we're artificially floated by some stim checks; it is an economy booster...but THE CRASH will only be that much more forceful due to the "free money" (Note: Most people think it really is a check without repercussions, and for some, it might be!).
That said, go take a walk, get some fresh air, and if "You" still disagree with my bullish sentiments by that point you'll (at least) be closer to accepting that everything has its end--Including this COVID SEASON Bull run.
Bear sh*t, Bullsh*t, It's all just fancy guesswork really...GO GET IT, traders.
BDR
SEE RELATED IDEA Re: the full "Crapping" of the S&P and global mkts below
$HAL Elliot wave projection; harmonics, show a SHORTHalliburton is overpriced and it was even suspected that it would trend towards that in the last $HAL update.
As it nears the pivot points illustrated in the chart, it will continue to find new RESISTANCE lines it cannot cross. One such line is the former trade channel during Halliburton's last big bull run (when the whole market was, to be clearer still). With the shutdowns still looming as a possibility, traders find it hard to place confidence in $USOIL at various points in the 49-50/s range, with a 49.88 point being a huge pivot.
A long put will be placed on HAL when a few more confirmation signals arise.
THX,
BDR
$USOIL going Sideways as predicted; The Bottom Falls out Soon$USOIL is experiencing a boost w/ wave extension shown in the chart. The overall price action is on a downtick.
The expectation is that by about DEC 27 or DEC 28, the bottom really falls out and oil could retrace well below 45/b before the turn of the calendar year. With many analysts having gone full-on bull with everything, this voice should prove as a counter-intuition because the SHORT called for over the weekend worked out, and the sustainability of this global economy through a pandemic cannot be that strong.
The short this trader acted on was Halliburton, but $GUSH or the oil ETF is towards the same notion.
GOOD LUCK, at a time when LUCK IS NECESSARY.
-BDR
$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
Can $HAL reach a daily-target @ 20.5?Halliburton $HAL has met a lot of resistance just over 20/s.
It is making the goal of 20.5 for this day trade seem unlikely; Would likely carry the position overnight instead, because the gains seem to becoming after $HAL shatters that resistance point. Right now, it has not been able to. A stop loss should be figured, but it would be a lie to say that has been factored in. It has not.
Prob need it here: SO GL!
-BDR