Supporting News:
Kuwait oil company selected Halliburton for digital transformation projects
Crude oil climbed to their highest level since October 2018, on continued optimism about recovering demand as coronavirus restrictions continue to be relaxed in the U.S. and many parts of the world.
Halliburton HAL rebounded from the lower boundary of the channel in...
Have been monitoring Halliburton recently, as the crude oil futures are in the up trend. Commodity up swing is likely still intact. It is now moving in tandem with S&P, at least direction wise.
Last Friday (4 June), the price tries to break out from the range. Notice the resistance in early March at $24.70 level. The big spread bar on 2 June with higher than...
Crude oil prices made a dramatic comeback from the April's 2020 low which supported the oil stocks significantly.
Crude oil has been trending higher since last April’s low. The higher the price climbs, the more the global industry will require oil services.
A continuation of higher petroleum prices should support gains in HAL.
HAL has violated the...
Energy is coming to life again as the economy reopens. Let’s take a look at oil-field service provider Halliburton, which has a few interesting chart patterns.
First is the downward-sloping trendline running along the highs of March and April. HAL closed above that resistance yesterday for the first time.
Second notice the tight range on the weekly chart, with a...
*THIS IS A SWING PLAY
HAL has a resistance level around 22.15. It may reject and break downwards. I Will be watching to see if it breaks this level and then will get in for $25 calls
Confirmation: MACD pointing up. Rejected off the 50 MA and crossed above 8 MA (currently bullish pinbar)
Pretty crazy to me how support dating back to the 70s was tagged & held 40 years later. I remember watching this during the 2020 crash thinking there's no way it doesn't break below. Still a lot of upside here imo.
We have a rise to the trend line currently happening with sharp increase in oil. If we stay above the $60 a barrel oil, look for a continuation of HAL and a break a small resistance line at $25 follow through to the larger $32 trend line we open up $40 on the market.
We are currently long, holding a majority from $8-9 range.
Halliburton Co. (HAL) (2021 through th 2021)
Low: $15.02 - $15.96
High: $19.83 - $20.17
Just taking a look for a Cindicator forecast. I think HAL could still be bullish after going for a quick retrace even lower first. It looks like a small H&S is forming on the right shoulder of the last local peak. Could be wrong, just watching for practice.
Thanks for...
NYSE:HAL - An undervalued Stock In My Opinion - huge upside potential - BUY at $13 - $14 - finding a buy for you will guarantee the best profitable position.
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NYSE:HAL is one of the world's largest providers of products and services to the energy industry.
helps its...
