HAL comeback for a great profit taking to the upsideLooking at the chart it looks like HAL will be going to the upside with an expanding flat that momentum is going to the upside and will jump to the upside with energy making a comeback. The bollinger bands also show that an inflection point is going to be coming while momentum indicators show a possible trend to the upside.
HAL trade ideas
Halliburton the evil cash machinelook for a bounce as gas/ petro rebounds, and the Maduro regime collapses (opens the door to western capitalist energy companies)
Wait until sub $20 to get in, still haven't seen a capitulation bottom candle yet on the 1W (look for vol total greater than 90 million, preferably 115+ )
Long HAL - Long OilWhats up Traders -
Looking out here at a 'swing trade'.
I'm fully expecting:
oil prices to rise
Production to stay curtailed
The Iranian sanction lift to go off without a bearish pressure on the oil industry.
Summer Demand / increasing demand to cause shortages
Prices to Spike
Oil Companies profit outlooks to rise
Long Halliburton / Oil is a solid low risk - high reward play here IMO.
HALLIBURTON. Should u buy at current levels?Long-term/Position trading. The technical situation is almost 1 to 1 as of APC stock, the idea of which I published 2 weeks ago. A nice trend line and support near $25-30 could be a good opportunity to buy. However, if we don't continue this trend and oil prices will fall sharply, then we can see $15-20.
HALLIBURTON LONG - CLEAR SUPPORT AT 30$ AND RSI OVERSOLDHi there
Halliburton Company (HAL) has shown a clear and strong support at 30.00 and could very well bounce right back up to 50.00 or even 55.00
The MACD, Parabolic SAR and the Williams market buttom finder are all indicating bullish momentum. Since this is a fairly long term trade it is necessary to look at the fundamentals aswell. With a PEG ratio of 0.63 and a recommendation rating of 1.8 (strong buy) this should be a pretty good trade in my opinion.
HAL: Interesting long entry...I think $HAL is poised to rise up to 50% from here, it tested a monthly support and held up, and is now shooting up with oil coming out of a correction. I'm entering positions at market open, and looking to add over time as the trend develops, if it does bottom here as I see it now.
Best of luck,
Ivan Labrie.
HAL (Halliburton)Whats up Guys,
See the chart - Interesting developments here. We made some money on a HAL CALL option earlier in the week on this. Very interested in what is going to happen as we approach the upper red line. Keeping a close eye on this for an opportunity.
OIH is a very similar chart -