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I think $HAL is poised to rise up to 50% from here, it tested a monthly support and held up, and is now shooting up with oil coming out of a correction. I'm entering positions at market open, and looking to add over time as the trend develops, if it does bottom here as I see it now.
Best of luck,
Whats up Guys,
See the chart - Interesting developments here. We made some money on a HAL CALL option earlier in the week on this. Very interested in what is going to happen as we approach the upper red line. Keeping a close eye on this for an opportunity.
OIH is a very similar chart -
Hulliburton Company (HUL) has reached the 200-day Simple Moving Average, and this happens about one time a year. In last five years, the price has almost always broken the SMA (5 breakouts vs 2 bounces) resulting in big movement over the next few weeks. Will it be the same this time as well?