Halliburton Correction Crawling: Profit Lingers Too Distant

Halliburton has been a pet stock for this trader since entering during its 2020 low around 5 per share. The correction since has been great: But it has also STALLED. $HAL spiked to 16/bar and the anticipation of a re-test of that mark has been utterly defeated by the inability of $USOIL Unable itself to really crumble the 40/bar mark. It has tested and failed that mark at least four times, with it now back under 40 again. The COVID lingering is mostly why, but this Virus has been tenaciously grasping itself into the oil sector heavily.

Gas prices at pumps just fell. $HAL will likely still make that 200% correction from this point that's been preyed upon...the fact is, that might still linger DEEP into 2021, and for much more short-term and profitable gains, an EXIT POINT should probably be sought with this lynchpin stock in the oil industry. While it would be lunacy to call a 225-250% ROI on the 5/s entrance point a failure, the full correction on this just dwells too far in the future to continually wager on its inevitability -- for this trader, anyway.

Good luck w/ this position if you do await its full correction: Patience will be NEEDED!

-BDR

Comment:

16 *per share* ... not /barrel

Just a quick typo fix.

Comment:

I will exit my $HAL Positions when it hits 12.5 or if OIL climbs 42/barrel, whichever happens first. This was a good ride from about 5 per share but it's time to bid HAL farewell soon.