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 $70. With stop losses below the low of Friday the trade gives you a 1.5R.
This stock has been in an amazing uptrend. Right now, it's either the start of distribution or this was just a correction, it's too early to tell. Depending on how this stock will act at the top, we will be able to tell which one it is.
Bullish divergence on the histogram, bullish divergence on the FI and a triple bottom formed. Expect at least 74$.
A lot of bullish sediment out there - makes me think a correction is on the way. The chart looks dangerous - expecting a correction of some sort is soon
Halliburton is in a long-term uptrend and has had another nice run higher since the start of February. The price is currently rally, beyond the former 52-week high, between $57.77 and $56.50. The price breaks higher and indicates this current up-leg is continuing.
