The long-awaited push past 43 per barrel now has taken place for oil
, which renders key oil
industry cog Halliburton
on the rise. FIB Tracement shows a sell-point at 15.7, but tracing growth curves Halliburton
should probably encounter precious little resistance until it goes 16+ per share: At that point, there is the first exit for a swing on this -- Though, this trader is staying in until 20+ as it should recapture January levels as oil
trading resumes to normalcy. The original sell-window on that hovered around late 4th Quarter, but it might not be realized until late in the 1st Q of 2021, or even mid-way through the 2nd quarter. The sell-point @ 15.7 will still represent an enormous profit for those who entered near the March low at just 5 per share. Taking a 300+% profit is fine, but there is a longer play here that should have no issues coming to fruition.
Post note: See related idea (July 15) which was kind of a final "all call" to "long" $HAL. That said, it's really still **NOT** too late. Good luck!