The last EXIT was at 16.55; substantial gain before a retrace that we all just saw.
The next exit will be eyed at the 17.12 mark; further evaluation of the harmonics to come when it reaches that Fibonacci point, as well.
$USOIL climbed past 43/bar while HAL lingered (even decreasing) - the delayed GAINS now are being reeled in. This is still the same MASSIVE CORRECTION that I first entered at 5.09 per share in mid-March.
Since that point, we have over a 300 percent correction with a bit more to come. The final-point to "stop toying with" HAL will come around 21 per share; that could be a ways away-- projections of that nature are fairly useless unless someone is taking a mega-long call, and even still, there is too much room to even worry about that mark yet. For now, a re-entrance at 16.2 is fine --> The move to 17.12 will gain 92 cents per share on the position!
RECAP of Halliburton plays:
HAL 1st Entry was @5.09 per share
HAL 1st Exit was @12.81 per share
Hal 2nd Entry was @ 12.7 per share
Hal 2nd Exit was @ 16.55 per share
Hal 3rd Entry is @ 15.99, and fully in 16.20 ( Avg cost 16.065)
Hal Potential 3rd Exit @ 17.12 -- Alert set!
HAPPY TRADING, and this time again: MAY THE ODDS BE FOREVER IN YOUR FAVOR!