Price is attempting to break the 42 level resistance, I has tried before but was rejected. Last week was rejected again but is pushing up right away. XOM already broke up and oil is very strong.
Halliburton showing a positive push with an ascending Triangle on the Weekly.
Not confirmed yet.
Has to push throught the 26$ resistance with volume first.
If confirmed:
Price Target = 46.71$
Stay Humble, have fun, Make money!
Buy Aug-04-23 38.5 Puts @ 0.35 Limit to Open
Buy Aug-11-23 38 Puts @ 0.55 Limit to Open
On critical resistance on several timeframes. Oscillator lingering overbought, in a coiling form.
HAL being part of the energy/ oil sector has been down lately but after all in keeping
with the concept of buying low and selling high, it may be at a buying point. Here in the 4H
chart, I have set up two long term anchored VWAPs one at the swing pivot high a year ago
and another at a swing pivot low last October. As a result the chart has zones between the...
Oil in wave 3 of 5, and will need the power leg to breach the major TL, retest, resume down in "recession" full force move, perhaps demand shock event triggers large wave 5 down. Previous 5 wave timeline looks similar, with strong 5 leg.
Oil-field servicer Halliburton has been dropping since late January, and now the bears could be looking for another move lower.
The first pattern on today’s chart is the tight consolidation pattern since energy stocks rallied on April 3. (Following the unexpected OPEC+ production cuts.) HAL was unable to get above $34.80 while attempting to make higher lows. The...
3M Chart, Halliburton (HAL) :
MACD : On October 1, 2021, the signals on pierced up from below the histogram and have been moving toward the surface since then.
RSI : The signal bounced on January 20, 2020 at 32, steadily moving towards 60.
PRICE : Has been steadily moving up after bouncing on $4.5, around the ATL (All Time Low) already tested twice the 200MA...
since the beginning of 2023, 50 SMA and 20 EMA are strong support levels for this underlying. The stock moved much before earnings and I guess due to iv% there were no big price movements on HAL. I think it could retest Jun 2022 highs. if it fails to hold that level we could see HAL at 35s.
there are interesting actions on Halliburton for the weekly and daily timeframes. I think as soon as HAL could not break 39 and hold it to bounce up. and could test it moving averages or support levels as 35s
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
Haliburton is setting up in a volatility contraction pattern trying to break out higher. There is supply at the $40 level, so I want to buy on a pullback off that level to create a profit cushion in case it fails there again.
There is also a longer-term cup with handle pattern here with $40 being the top of the handle.
Volume is drying up in the base which...
It has returned to its pattern after a fault breakout and my prediction is going toward 40 in a short time. It could be a scalping because of weak market.
NYSE:HAL has made Bearish Cypher with PRZ level 0.786 at the price 26.10.
Price has already made confirmation in last day and RSI also indicated divergence.
BUY:
above 29.35 gives buy opportunity.
SELL:
Bellow 26 , Price creates further correction.
