HAL has been in a sideways consolidation for the past 2 months. Despite the rise in oil prices, HAL has maintained it's price range between $41 and $46.
Prices are currently at the bottom level, supported by the Darvas level. In addition, stochastic price levels are currently oversold.
Go long through Jan18 42 Calls when prices break $41.20. First profit target is $43.50.
Prices are currently at the bottom level, supported by the Darvas level. In addition, stochastic price levels are currently oversold.
Go long through Jan18 42 Calls when prices break $41.20. First profit target is $43.50.
Trade active:
Trade entered today on price action.
Stop Loss at 40.75. Close option position if Stop Loss is reached at close of the bar.
Stop Loss at 40.75. Close option position if Stop Loss is reached at close of the bar.
Comment:
Options filled @ 1.09/contract on break below $41.20.
Trade closed: target reached:
43.50 profit target hit 12/1. I took 1/2 position profit and will allow 1/2 position to run to see if we are drawn to 200sma around 44.50.
Trade closed: target reached:
Selling remaining today on move to 44.50 and 200sma.