Liberty $LBRT Traces top Fib @ 6.7; Upside Looms Higher- LONG

NYSE:LBRT   Liberty Energy Inc
Now is a good time for those waiting on COVID oil corrections: LBRT fell below 6 per share last week, and it provided a GOLDEN ENTRY POINT for the Long now en progress. Oil is 43+ per bar. and most oil commodity traders are LONG on $USOIL -- the same logic applies to Liberty Oilfields. Expect the real gains to follow the rest of the week with oil starting out strong (through the first half of Wednesday's trading).

Fib retracements show a sell-point @ about 6.7/share--but this, like the play on Halliburton is going to be a longer-swing than that. The eventual hope is that annual highs are realized within the next 5 to 10 months, with that window being generously huge simply due to the fact COVID itself is dictating so much; with so much of that predicated on the unforgivable whims of human behaviors. This trader will wait until $LBRT is closing in on 10 per share. The exact sell-point can thus be calculated at a later date...

Even so, the realization of a **HIGHER ROI** is there with Liberty (compared to $HAL); it could still be 60+%, whereas HAL's remaining correction is more along the lines of 30-40%.

Both make nice plays, though this was supposed to be devoted to Liberty explicitly. The sector of the economy is strengthening and the comparison (between similar companies) is worthwhile, even so.




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