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trols7
Feb 2, 2022 11:56 AM

HAL - Was a nice run, but... 

Halliburton CompanyNYSE

Description

HAL busted out of the gate with the energy sector and put it into high gear after earnings. Is moving sideways. With a bearish horizon on oil and energy possible lets keep an eye on the red support and resistance from 2019 and see if an opportunity presents itself. For now, moving sideways. Close or a break of lower flag area means time to look at the option chain on the PUT side.
Comments
trols7
Topping pattern was not an illusion. Lets see where price action is in the coming days.
ktaba
I told you, this is not done. Energy is going through a super cycle. Going up, way up!
trols7
@ktaba, You were saying?...
ktaba
@trols7, dude it’s up 32% YTD! Put your glasses on. It’s going much higher by years-end!
ktaba
The entire sector is going higher, much higher. Stay long.
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