HAL trade ideas
HALPretty crazy to me how support dating back to the 70s was tagged & held 40 years later. I remember watching this during the 2020 crash thinking there's no way it doesn't break below. Still a lot of upside here imo.
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.
Short The Mean Reversion RallyShort entry negative trading Monday
Target 200 Daily Moving Average
Stop close above green anchored volume weighted average price
Halliburton ST (Feb 5th 2021)Halliburton Co. (HAL) (2021 through th 2021)
Low: $15.02 - $15.96
High: $19.83 - $20.17
Just taking a look for a Cindicator forecast. I think HAL could still be bullish after going for a quick retrace even lower first. It looks like a small H&S is forming on the right shoulder of the last local peak. Could be wrong, just watching for practice.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
LONG HALLIBURTON CO (HAL) - Extremely Undervalued StockNYSE:HAL - An undervalued Stock In My Opinion - huge upside potential - BUY at $13 - $14 - finding a buy for you will guarantee the best profitable position.
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NYSE:HAL is one of the world's largest providers of products and services to the energy industry.
helps its customers maximise value throughout the life cycle of the reservoir from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimising production throughout the life of the asset.
NYSE:HAL Company is an American multinational corporation. One of the world's largest oil field service companies, it has operations in more than 70 countries. It owns hundreds of subsidiaries, affiliates, branches, brands, and divisions worldwide and employs approximately 55,000 people.
Traded as: NYSE: HAL, S&P 500 component
Industry: Oilfield services & equipment
NYSE:HAL
HAL triggered a MAC swing buy (weekly chart)I have modified two scripts to show the Jake Bernstein Moving Average Channel (MAC) along with the Williams A/D on the same chart. HAL triggered a weekly MAC swing trade at the bottom of the channel $18.60 (sell at the top of the channel $20.23).
HAL will be trending up soon after XD.HAL will be trending up soon after XD, if it doesn't break down the trend line.
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
$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
IRON TARIHi guys!
New Iron condor, check my last trades, and get my script for free!
Enjoy your wallet!
Tari.
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
HAL LongWeekly Downtrend Channel Breakout + Retest
Entry 16
Stop 10
Target1 25
Target2 40
New Drawing Tool In TradingView: Volume Profile
It shows the volume at certain price.
The red Line shows the price with the biggest Volume in the selected time range.
The red line will be used as Support or resistance in the future.
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Target $HAL at 11.75 per Previous Dip: Longer swing.Buy the dip.
The bounce-back should be substantial with a longer swing. Right now, $HAL is plummeting and $USOIL still lingers sub-40.
-BDR
$HAL posting worse than expected Earnings$HAL posted worse than expected earning with the PEAD projecting a neutral outlook for the stock price, Price is trading around median line.
