Halliburton Opens HUGE Buy Window for EVENTUAL Long; Predictably
The "Delayed dip" in reaction to $USOIL "hitting the crapper" took a full weekend to sink in, but $HAL has opened way down, as has rival $LBRT. Great buy windows will be here this week, and a re-entry could possibly wait until $HAL plummets sub-13 per share. It is finding no support at this level currently (now 12.98 as of the update, 1034 EDT).
This could set up a very nice long swing, as the oil stocks have throughout a very strange corrective season in a lingering COVID-world. Unable to assess much with regard to its recovery, an entry < 13 on a stock holding just exited at 16.55/s is about as golden as it gets, presumably.
$HAL (3rd) EXIT: 16.55
Re-entrance @ -3.55+ per share is beyond ideal.
Milk the udders of this cow with precision, but caution. As for advice, I advise doing your own homework whether this sounds clever and great or abysmally misleading!
BEST TO ALL TRADERS AND INVESTORS!
-BDR
See related idea from September 9th "Test of Halliburton Strength to come"
This could set up a very nice long swing, as the oil stocks have throughout a very strange corrective season in a lingering COVID-world. Unable to assess much with regard to its recovery, an entry < 13 on a stock holding just exited at 16.55/s is about as golden as it gets, presumably.
$HAL (3rd) EXIT: 16.55
Re-entrance @ -3.55+ per share is beyond ideal.
Milk the udders of this cow with precision, but caution. As for advice, I advise doing your own homework whether this sounds clever and great or abysmally misleading!
BEST TO ALL TRADERS AND INVESTORS!
-BDR
See related idea from September 9th "Test of Halliburton Strength to come"
Comment:
Went to re-enter @ 13.00. There might be an even lower window, but there was some strong support right around this mark and it's slightly above it now.
