HP trade ideas
HP - Looks Bullish 2 MeWhen in doubt, simplify things (especially trading charts). Strong support at $58. Nothing like a Harmonic Pattern for a visual reference.
HP SHORTFailed to make new high on weekly. Lost the high in local trend gonna retest lower levels here.
$HP is going to 64The chart signals clear sailing for $HP to 64. Look for it to hit $70 in the next 3-6 months.
HP - Critical before earnings - Looks weakEarnings in 3 days. Will it break a critical support that it has held since 15+ years. Great company with a good dividend yield but in a sector that is extremely challenging.
HP - POTENTIAL BOTTOM08.05.17
Signal of a potential bottom from my dBFIr on DAILY chart
Awaiting confirmation
HP (Helmerich & Payne) Triangle Pattern shows 10% gain comingHP is a well-managed company that lost about 45% of its stock value during the once in a lifetime epic oil downturn. Its prospects look bright as the oil market starts to rebound. The charts also indicate it's about to spring up with a triangle pattern showing seller being edged out. Throw in a 4% dividend right now and it looks like you've got yourself a winner.
Helmerich & Payne in an interesting situationHelmerich & Payne, Inc. is a contract drilling company headquartered in Tulsa, Oklahoma, and engaged primarily in the drilling of oil and gas wells for exploration and production companies.
The Company's stock price moves basically in tandem with the oil rig count.
It looks like it's forming inverse head & shoulders formation. This would imply that oil rig count and oil price would be moving upwards.
I will buy this stock if the price moves aggressively up.
Let's begin selling Main short signals on the chart:
1-Rising wedge with appropriate breakout
2-multitops proved at the end of rising wedge
3-Flag proved by breakout.
Sell 62.50-62.00
Stop loss 65.20 (+1 tic flag's high)
Target 50.00 (Elliots' waves+strong supporting level)
Helmerich & Payne Sell Setup Hi Everyone, I hope you having a great week.
We were watching this trade in our us energy screencast and it is just met our conditions for a trade:
Crossing the lower trend line
Retest & rejection
You can see the full corrective structure on on the daily time frame.
HP Out of a Rut?As you can see Hp has had quite a decline! My prediction is that Hp will gradually rise within the next month. Let's hope it does!
Long-term support line turned into a resistance line.I hope that below a hundred and MA 200 line will begin a massive sale.
$HP Price Target has Hit Great High Probability Setup Trade$HP Price Target Hit. $HP is now 103.17. Great Trade from this week watchlist.
OIL And GAS bearishThis one oculd be sharp and hard, good reversal for coming months i believe and puts are cheap right now.
Bollinger Bands to protect us from overtradingI saw this strategy in the FX magazine and seems interesting the author of the article explained he used this strategy to filter the market and not overtrade. I added the Hawk Eye which was made by Lazy Bear and is excellent to clarify the side of the market. I also use the Bandwith ( which is the difference between the upper and lower band, BandWidth decreases as Bollinger Bands narrow and increases as Bollinger Bands widen ) to measure the size of the move over time, the higher the volatility the higher the returns in a short time span.
Everything else is on the chart, fell free to comment and ask questions !
HP Helmerich & PayneThis stock has peeked with a negative divergence and it is currently trading below the 50 moving average. At moment it is making higher lows with a falling wedge chart pattern.
