Halliburton looks ripe for a reversal here, after oil has dumped to $23 & the stock market has tanked HAL has touched all the way down to massive historical support and rejected. Buyers have sent the stock from the low $4 level back up close to $8 in a matter of 2 days, The 200 ema on the monthly is around $34 and seems to me like maybe another touch down to $4 b4 lift off back to $35 maybe even $55. The R/R seems really good for a long here and I may just take a shot.
My plan was to wait till Monday after the Witching Hour this Friday to see for a possible double bottom but I may just buy in tomorrow. Depends on how the markets react, for now I am just watching but anxiously waiting for a chance to catch this knife, I also don't want to be too greedy. $7 --> $35 is a nice 80% gain.
My plan was to wait till Monday after the Witching Hour this Friday to see for a possible double bottom but I may just buy in tomorrow. Depends on how the markets react, for now I am just watching but anxiously waiting for a chance to catch this knife, I also don't want to be too greedy. $7 --> $35 is a nice 80% gain.
If your interested in joining my group DM me for the link. We do Elliot Wave TA give trade signals and set ups. We have channels for all cryptocurrency and also many OTC stocks. TY
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If your interested in joining my group DM me for the link. We do Elliot Wave TA give trade signals and set ups. We have channels for all cryptocurrency and also many OTC stocks. TY
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.