HP better known as Helmerichh & payne earnings are tomorrow not looking for a big move they been trading sideways for a while now i don't foresee a breakout coming anytime soon but that is not a bad thing with a stock that pay dividends
"The experience of the past leaves little doubt that every economic system must sooner or later rely upon some form of the profit motive to stir individuals and groups to productivity. Substitutes like slavery, police supervision, or ideological enthusiasm proof too unproductive, too expensive, or too transient."
Will Durant
The financial markets! Those deep and...
BOUGHT 1/4 position pull back buy.
120@66.75 --> 1.5% position. Overall exposure now @32.8%
Stop 62.15
Risk:6.9%
Shippers are holding nicely and look like they want to go higher. Opportunity here to start a position.
The main up trend line has been breached and a double bottom formation has initiated the recovery
Right now is a good entry below this trend line as it has held for ages
Overview:
SPN pulls ahead of other SP500 categories for YTD returns
HP performing quick second test of resistance
Current Trend:
Hp was sideways/bearish
Increasing volume leading into recent tests of resistance
Trade Plan:
Enter HP at end of day (5/5) if above resistance line
If fails to break resistance put back on watchlist
Target Profit:...
HP looks like a terrific stock to own for me. I would like to get in asap, but earnings on Friday keeps me on the sidelines.
The indicators are not strong on the daily chart, but on the 4 hour they are like perfect crystalline formations. I had to zoom down and do my analysis from there. Am I breaking the rules a little? Yes, I am.
Speaking of breaking the...
Helmerich & Payne, Inc. este o companie americană de foraj cu contract petrolier angajată în foraj de puțuri de petrol și gaze și servicii conexe pentru companii de explorare și producție cu sediul în Tulsa, Oklahoma, cu operațiuni în întreaga lume.
The price comes to the Daily Support area and almost touch it and breakthrough the short trend line and couldn't even breakdown the Gibonacci Golding area for the last wave.
Now the price tray to breakthrough the second entry for the long trend line what we see it started.
$HP is projected to have a Bullish outlook following its negative over reaction after the earnings release, with the PEAD placing the stock in Drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Possible T2 (Long term) 33.9 to 39
Possible stop below 12.8
R at prior gap down
NV is picking up on this one
Trading the oil sector right now is risky/Folks call this one a good stock in a bad sector..lol
Possibly true..
Not a recommendation
Hi friends
the daily chart of this market shows that it will experience a downtrend in the coming days but it is better to be vigilant of the change of this market towards the opposite direction
please subscribe to receive more analyzes
Weekly analysis:
- Nice weekly semi hammer with volume spike
- Nice 3 red weeks in a row
- Not much resistance up to hit 2R
Daily analysis:
- Bullish spinning top with volume spike
- Big bullish candle the day before
- Not much resistance up to hit 2R
Intraday analysis:
- Semi hammer with volume spike at the end of the day
- Higher lows
