Fibonacci Retracements point to a continued rally for HAL given the recent uptick in commodity prices. I'm looking for a breakout to $52 (38.2 Fib Retracement), pullback to $48 (23.6 Fib Retracement), at which point i'm buying with a price target of $55 (50% Fib Retracement). Could go higher, but the upside will be relatively capped given the level of the...
3-5 And here we are today with yet another energy stock building a Bull channel in green. What do I need to see to make me get long? An upside crossover of the green line that's what. THEN one could place a stop on any break below the blue line of line of one's choosing. The top blue line is a tighter stop and IF IF IF an issue is going to go after breaking out...
3-4 Nice looking Bull channel building here. An upside crossover triggers a long side trade with a stop of any break below the blue support line of your choice. If you look in the energy space you are seeing this all over the place. I'll be posting a ton more names that look like this so stay tuned or hit the follow button so you you'll know when something is...
The stabilization in energy prices lately has meant relief in some oil & gas stocks. Halliburton shares have been one of them, putting in a series of higher lows since mid-January. The pullback in the previous two weeks sets up for a low risk buying opportunity (stop loss under $41.90). HAL is now poised to fill the gap from November ($46.70-$47.50 range) in the...
The stock is certainly in a longer downtrend. A Turnaround is to early to tell - Even though, it can be time to start looking at a longer term Long position in the stock. Looking at the timecycles "Low to Low" from 2004 - present, It seems to come in a cycle Low every 76 to 81 weekly bars or every 500 to 550 days. We might now be at week 77 from an earlier Low....
If oil price cooperates, HAL could clear the resistance pretty soon.
Despite plunging oil prices, HAL found some support around $38.
RESISTANCES BlueSky BreakOut @ 146.82 Tenkan-sen Resistance @ 143.11 SUPPORTS Kijun-Sen Support @ 140.41 Nice Bounce off Fib .382% @ 139.76 ^^^If supports cant hold Use Lead Span 1 & Lead Span 2 AKA cloud as support area
Oil is one of the best investments right now... as it's been said, "be greedy when others are fearful, and fearful when others are greedy." the BHI deal is a huge win for HAL. the HAL chart will reflect the BHI chart... it's simply lagging. People are giving their shares away here... long term chart still intact.
Bullish Piercing Candle at support on above average volume at channel support with momentum divergence. We had a higher low recorded on the MACD histogram as well. I am looking for HAL to retest its next resistance level at $70. With stop losses below the low of Friday the trade gives you a 1.5R.