0R23 trade ideas
Halliburton to re-test 16/s point by month end?As temporary and confusing as $HAL spike 16+ was, with oil now firmly over 40/bar again the time for drilling in mass quantities is nigh. With European and other int'l re-openings progressing past further stages than domestic markers, oil is primed to make a run -- as will Halliburton. It reports earnings later this month, as well, and given there have been a few oil surpluses and $HAL has paid decent dividends over this span as well, so, the earnings report could give $HAL a similar boost to what Fed Ex incurred (9+% growth in a day) when it released.
It stands to reason that $HAL regains its form it opened 2020 with, 25 per share, but the acceleration back to 16 could happen relatively quickly, especially as Halliburton trends up heavily pre-market following the 4th of July weekend that just passed. Keep an eye on $HAL making rapid gains throughout July, though its full recovery may still linger in the Christmas to 1st quarter 2021, type of window. This guess has oscillated, but so has oil.
The original projection still appears logical, with a 200+% ROI on $HAL still within play even for those entering the position now.
Happy trading!
-BDR
Halliburton Spike, Subsequent Re-test; Failure: Re-position nowHalliburton showed strong signs of a breakout when it spiked over 16/share. It turned out be a "pump fake" by $HAL and the entire $USOIL industry. Terrible news regarding a "Second" (See: actual first!) spike of the COVID-19 pandemic has stalled further reopnings in many states, and the US overall reported a record number of cases yesterday and in through today. $USOIL is trending down over 2% and could reach as low as 35 per barrel by the close of this week. This, along with Halliburton's steady decline, are leaving the window open for a very strong short.
A short, here, would be in mind with re-positioning and increasing one's holding, as the firm belief is that when the oil industry does reach its full recovery, that Halliburton will be among the first and biggest benefactors. For the interim, however, its value is dicey and many market indicators are showing "SELL" as the popular move here.
$HAL was over 25/share in this calendar year, but has gone as low as just over 5/share, and if COVID truly rears its ugly head a return to that low of a share level is not out of the question. Reasonably, a decent estimate certainly could see it fall below 10/share next week.
That Mar 18-20 nadir may not be re-tested, but it is hardly something that can be ruled out. If further quarantining becomes the route for areas the outbreak rages on in, then the woods that oil appeared to be exiting from are just far more expansive than we may have thought. While many are of the mindset that this pandemic is mostly defeated, the reality in the $USOIL market counteracts that notion as fully untrue. The recovery of $HAL and other oil-related stocks appears, now, to be the longer-term project it was when the $HAL plan was initialized.
HALProbably my favorite setup currently if the overall market starts to studder. Patiently waiting for the the blue line to break. Think it ultimately heads back down to $4.33 support, which has been in tact since 1974.
Halliburton ($HAL) Trough Reached: A Recovery Along with $USOIL Halliburton ($HAL) suffered, nearly bleeding out to the under 12/s mark-- weakest close was @ 12.25 per share. It is now over 13, and it will re-test the 16-point of resistance around the end of this month (June). Expect by July 4th the typical spike in gas prices, with $HAL gearing up to provide the first-steps of that recovery boon. 16 per share is entirely within reason, and it does not make a horrible sell point (Though we have established a high-upside of 22-plus).
Patience is now being rewarded with $HAL, while many did short and re-position their holdings. Due to the LT nature of this holding (7 to 12 months) these fluctuations in the market can be capitalized on, but the recent nadir of $USOIL is temporary and $HAL is climbing out of its (very shallow) hole that saw it attempt to touch the 12/point as a trough.
Happy trading/investing!
#TRUSTthePROCESS
HAL - Question answered on direction of Haliburton Here is my normal "grading a trade" mental checklist to see where we are. Weekly and Daily are wave 4 pullbacks and should gap down at the open for a 5th short. Resistance the last time at the center channel line was for 12-trading days before it finished it's drive to the top of the channel. This daily channel has been respected the last 29-months. Just my opinion and not trading advice for anyone out there reading this.
Signs of Stability, Correction from $USOIL Settles $HAL FreefallAs $USOIL has begun to make small gains throughout the first-half of Friday's trading session, $HAL appears to be stopping the bleeding and free-for-all towards 12 per share. It opened today at 12.25 but has since increased about .47/share and appears to have found its trough before hitting an even 12.00.
There is no assurance with the volatility of the oil market, but yesterday's massive $1.99 per share drop was clearly something of an overreaction to the fed chair scare, and $HAL appears to be reclaiming its ascent to a healthy 22 per share eventually--as to the time frame on that "Eventually," at this point we are tendering very few guesses. Originally projected to be December, it could take until mid 2021 to see $USOIL show its usual strength as the multitrillion-dollar cog it is in the world economy. COVID obviously distracted the world, but as progress resumes these stocks will show the massive ROIs they offered to those able to enter at Mid-march lows. As a reinforcement, this swing trade was entered at the 5.11 per share mark on MAR 20 w/ a very long-term plan and patience has been crucial through the dips we just saw.
Happy trading! Happy Investing!
Terrible Week for $USOIL, Halliburton ($HAL) Re-signals PlanAfter a quick spike over 16/s, Halliburton has sunk all week and may dip even below 14/s if this current trend continues to accelerate. Many chose to dump after the rapid ascent to 16, and that sell-point makes plenty of sense as a short term play (especially now!). However, the original hope for a 22/s sell-point was projected not until the Christmas to early 2021 range. That now, again, looks far more accurate with $HAL really stalling out and dropping this week.
This mostly is to say the original sell window was re-confirmed, despite some bulls indicating both in posts and the comment sections (here, of mine) that a 4th Q open would see $USOIL between 60 and 70 per barrel. That seems at least somewhat unlikely at this point, though the operation of many states has advanced past "Phase 1" COVID re-openings so the time-scale still...largely depends on HUMAN BEHAVIOR.
Many opportunities to re-position on $HAL and other oil stocks will be in play over the span that oil continues to struggle.
Happy Trading!
$HAL Bouncing Back After New Trough$USOIL Began the day plummeting, but $HAL has rebounded and is now showing signs of establishing a bull-gain following a trough in the 15.1 to 15.3 region. Nothing is new here. This remains a LT swing-trade @ the sell mark of 22-23. A decent sell window has opened with oil itself treading down, but there is little meaning to this due to the overall market -- The game plan is the same.
Obnoxious Overt $USOIL Market Making $HAL Arrive At 1/2-PT The $USOIL commodity continues to correct the wild ride of 2020. It even did what many thought nearly was so improbable we wouldn't see it: Traded Negative. Well, that was then, this is now: Many oil stocks are now entering rapid phases of correction and offering almost insane probable ROIs. $HAL has been the biggest of these, as it fell so low as to be 5/share and ignored by a large number of investors: But it cannot stay asleep, it will not - there was no resistance offered by the 13/sh mark, and now it is 13.25 as of this update looking to just ride by 14/share without looking back. This has been one of the most overt corrections to benefit from due to the effects driven by the COVID-19 pandemic and it has shown such strong confirmation signals that investors are beginning to take notice- which only drives it higher. Happy INVESTING!!!
Will HAL continue upwards?Hello Traders,
Due to the recent spike and bullish nature of oil, HAL may continue its upward move. Hidden Bullish Divergence has formed on the 1D MACD/Price Chart. Price is being rejected at the 100-EMA so long-entry consideration would be made when the candle closes above the 100-EMA.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
HAL trade breakdownOn the hr I saw the gap, and the rejection of it from last week.
5 min showed me a spike in volume so I took a trade.
First target it is $12.10, but been practicing holding on to winners so we will see. Put will we watching SPY. Don't trust this market.
Halliburton Shattering 12 Mark; Next Test Point is...?Halliburton struggled already with a 12/sh resistance mark the past two weeks, but with the bullish day in the market, it has now managed to climb as surpass that resistance. Projecting the next semblance and hint of a plateau is tougher, but $USOIL continues to do its thing too -- greasing the way for the oil industry's stocks recovery. The ascent to a test mark hinges on the response of the public to travel wants/needs, along with maintaining the lowering of the curve and preventing its second spike-- that could set back all sectors of travel-related industries, with oil taking the hit first. Due to these uncertain aspects, it is tough to guess beyond simple chart harmonics of $HAL
A solid total guess ranges the next major resistance mark over 13, though, not within the next day to two. This should be a strong LONG for at least a while, until it gets close to 14/sh and EVENTUALLY (!) pushes to the sell-point we discussed @ 22.
Happy trading! AND BOOM! - All is according to the $HAL model plan first launched Mar 20 w/ the initial holdings picked up @ 5.11/share. IF ONLY I FULLY TRUSTED MY MODEL ALREADY by that point! - but enough of my bad beat stories - share yours if you want, whatever. LEGGO $HAL
Halliburton's Next Test Mark to Resume Halliburton has trended up despite inconsistent oil prices, and it is just under 12/share.
We expect this to be a tough test point for $HAL - it is worth charting very closely; there could (IF IT DIPS) be the new trough establishment even, but with $USOIL volatile still - most oil stocks are much the same. This 12/sh mark will be a big test for $HAL and it should occur (For a second time really, as it is) this week.
These are all fairly obvious facts RE: $HAL - the point is mostly to highlight a pivot-point in projections here. Nothing necessarily revelatory, but more like a page maker -- So Thank you for reading, guys and gals.
Halliburton Battling Down-Trending Crude, Resisting Trough ThoWith Oil plummeting through the first-half of Friday's market session, $HAL has dropped nearly 0.5%, but this will help to establish its new bottom trough. The last was in the 9.5-9.7 range, and this one may not be any lower than 11.2-11.4. The gains, over time, are occurring: It is easy to panic with the oil economy still struggling to regain its foothold, but overreactions to a trough establishment would be just that. A short is in play, but the gain might be small enough that focusing on it isn't the actual best use of one's trading day? Happy trading even so!
Crude Turns Green: All Systems go for $HAL HalliburtonYesterday, despite the waves of intuition otherwise, $HAL made a steady gain as crude prices themselves plummeted. With Oil reversing and up over 1% already (by 11 AM EST), Halliburton should be turning on its afterburners (no pun intended) soon. Expect steady gains from $HAL throughout the upcoming days, but moreover until it reaches a healthy and full sell-point @ 22 -- The time frame on this mark is sketchy at best, but with oil climbing expect Halliburton to gain more rapidly still.
Long/7-12 months? Tough to say again, on the time range.
However, the oil industry is gaining steam and major manufacturer $HAL is primed to be among the first of the giants within its industry to breathe comfortably again, and recover. LONG $HAL, still, and look at the previous post Re: the probable 200% ROI still @ the 12/share mark.
Halliburton ($HAL) Gain on Down Day in Crude's Significance Halliburton has gained upwards of 1.8%, or 21-22 cents/share, while the price of crude has fallen at the same time. While this is not wholly indicative in and of itself of a major trend, it's significance also should not be ignored: $HAL Is the top producer of oil manufacturing equipment while providing tops in arrays of field surveys; it is an indispensable cog in the rotation of the overall recovery in the crude market. The fact it has continued to correct while crude prices trend red today means that $HAL Is going to gain rapidly in the next weeks, perhaps ending the next month near 16-18 per share, even.
Eventual Halliburton Correction to Yield Nearly 200% ROI stillHalliburton sank as low as 4.7, flirted with the mid 9s, then promptly began its slow climb back to normal levels. Still not there, it is currently oscillating a little around the 12 per share mark. The overall correction, however, and eventual sell-point is between 20 and 25, with 22 being the figure that we are keying in upon for the swing-deal pump/dump.
With $HAL still trading at roughly 1/2 of its true market value in a healthy economy (25+ in Jan of 2020, even), it is far from too late to capitalize on a quick ROI with a vital oil stock that ...PROBABLY... Will be the absolute first of the major oil stocks to show signs of full-recovery.
May the odds be forever in your favor.
I might close every future update about oil related stocks with that same line. It fits.
Halliburton ($HAL) Correction In Full-SwingHalliburton ($HAL) has made its upward ascent after plummeting as low as 4.7 per share during the March dip. Now trading over 12 per share, the correction process is full en route to normalcy: HAL has traded as high as 25/share in the last calendar year, and it is there that it will (LIKELY) reside when we flip our calendars over to 2021.
It remains a longer-term swing trade, based on the inevitable correction of the oil market that is currently also underway (with OIL now over 33/barrel).
Expect HAL to continue to rise: It is **NOT** too late to get in, either. While obviously preferable to have "nabbed it" while under 10 per share, the overall adjustment is still largely yet to occur. Buy and long HAL. Swing it and flip in 7-12 months, as previously stated in HAL updates.
