Time Window is there.....pullback or melt up to the Harmonic Levels...... Inside Day today possible forming.
ODDS FAVOR A BOUNCE...POSSIBLE RETEST OF THE LOW OR FALSE BREAK DEEPER INTO THAT AREA.
A BREAK ABOVE CAN LEAD TO TARGETS OF $45-$48 IF NOT HIGHER OR ANOTHER NEW LOW TO $18-16
WEEKLY PERSPECTIVE.... 26.06 - 23.80 MIGHT CAUSE A REACTION.....LOWER TARGETS OF COMPLETION ARE STILL IN "TIME" $CL_F $USO $DWTI $UWTI $OIL $XLE $DTO $UCO $CVX $XOM $HAL $EXXI $SCO $ETE $XOP
Fibonacci Retracements point to a continued rally for HAL given the recent uptick in commodity prices. I'm looking for a breakout to $52 (38.2 Fib Retracement), pullback to $48 (23.6 Fib Retracement), at which point i'm buying with a price target of $55 (50% Fib Retracement). Could go higher, but the upside will be relatively capped given the level of the...
3-5 And here we are today with yet another energy stock building a Bull channel in green. What do I need to see to make me get long? An upside crossover of the green line that's what. THEN one could place a stop on any break below the blue line of line of one's choosing. The top blue line is a tighter stop and IF IF IF an issue is going to go after breaking out...
The stabilization in energy prices lately has meant relief in some oil & gas stocks. Halliburton shares have been one of them, putting in a series of higher lows since mid-January. The pullback in the previous two weeks sets up for a low risk buying opportunity (stop loss under $41.90). HAL is now poised to fill the gap from November ($46.70-$47.50 range) in the...
The stock is certainly in a longer downtrend. A Turnaround is to early to tell - Even though, it can be time to start looking at a longer term Long position in the stock. Looking at the timecycles "Low to Low" from 2004 - present, It seems to come in a cycle Low every 76 to 81 weekly bars or every 500 to 550 days. We might now be at week 77 from an earlier Low....
Bullish Piercing Candle at support on above average volume at channel support with momentum divergence. We had a higher low recorded on the MACD histogram as well. I am looking for HAL to retest its next resistance level at $70. With stop losses below the low of Friday the trade gives you a 1.5R.