$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



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