SHORT $LBRT: Corrective Wave Impulse Target Much Lower

NYSE:LBRT   Liberty Energy Inc
Long puts on $LBRT.

Corrective impulse is not finished: Strong resistance @ 10+; LONG PUTS: stop-loss @ 12.5 or even 12.3; expecting a massive trace-down that could see LBRT sub-8, or sub-7, by the conclusion of the second quarter.

This is not trading advice, but it is purely speculation on the long-term behavior of LBRT . This is a much-revisited stock for this trader, but it has been a while since we've stopped in on LBRT ; It has fallen further & further behind $HAL Halliburton - which is the safer and better-investing choice in the $USOIL and field speculation sub-niche.




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