Energy sector has been very strong for some time.
We have a decent pullback now across the sector.
Halliburton is at a major support that might hold.
$ 35.84 - 36.22 is the current support to hold.
If this does NOT hold then uptrend is likely over.
If it DOES hold, we should proceed to new highs.
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Let's analyze the trade potential of Halliburton Company (HAL) and Robert Half International Inc. (RHI) by examining key financial metrics and market performance to determine reasons for potentially going long on HAL and short on RHI.
Forward P/E Ratio: HAL's forward P/E of 9.50 is lower than RHI’s forward P/E of 17.94, suggesting that HAL is priced more...
History rhyming 3 times in a row?
Perfect dragon with bullish divergence, we went long last week as updated in the community.
Perfect trade in terms of risk management, then as always you never know if it will play out.
Halliburton has been sliding since mid-October, but there could be signs that the energy-services giant has bottomed.
The first pattern on today’s chart is last week’s bounce around $34, about $1 above the mid-January trough. Such a higher low could indicate that a downtrend is ending.
Second, combined with the price action in the first half of December, a...
Oil is looking strong, and oil stocks are going to catch up very quickly. I'm selling CSP as shown, you can also buy the stock. It has strong support underneath and it looks like the price is going to test the upper vertex again.
HAL showing an upward trend. The blue lines shows an ascending triangle with strong opportunity to reach around $43 in next weeks. I start this analysis with current price at $35.34, with 21.7% potential gain.
Also, you can see a strong resistance at that level. But if you fell more adventurous, the red lines above $43 range would be some long shot potential...
HAL Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Clusters, Trend Lines , Parallel Chanel, Fibonacci, Gap, Triangle - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for...
HAL forming a beautiful upward trend since last 3 years. If we follow this pattern, it should reach around $43 in next 1~2 months. Also, SMA 7 just crossed SMA 22. Another price rise will confirm this.
Be cautious at around $43, as there is a strong resistance at that level.
Halliburton Bearish
I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
NSE:HAL
2 UP on the quarter but not strong enough to close above Q3 high
inside year = no clear direction
messy 3M chart = neutral and a need to wait for more clues
oil & energy (related) names not the strongest this year, which could mean (more) potential upwards, but need to see price confirm that suggestion first
A price action below 37.00 supports a bearish trend direction.
Increase short exposure for a break below 37.00 as well.
The target price is set at 35.00 (major support).
The stop-loss price is set at 40.00.
Breaking the confluence of the 200-day and 200-month simple moving average might trigger a cascade effect in the price.
Remains a risky trade.
Trade 11-30-2023
At the time of trading this, it seemed like a good idea…. Now it looks like we have to wait for this one return favorable. This is a SWING trade.
BUY $37.71 SELL $41.07 ASK 3.36
Double top and bearish flag forming. I think eventually is going to break through the neck line. I'm giving the puts some time bc we might have a fight between bulls and bears at the support. Today the market opened very high, so I'm buying my puts very cheap.
Analyzing the options chain and the chart patterns of HAL Halliburton Company prior to the earnings report this week,
I would consider purchasing the 42usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $4.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
NYSE:HAL
*I'm already long based on Option flow and money flow and the last 3 months Oil prices before the earning day.
Trend & Moving Averages:
The stock has been on a downward trajectory recently, as evidenced by consistent lower highs and lower lows.
It has been trading below the orange and blue moving averages, reinforcing the bearish trend.
However,...
As we can see with this chart, Halliburton is quickly approaching a region to sell long positions. which would be in between the 43.26 horizontal line and the old support line/new resistance line ending the chart at 53, depending on your appetite for risk. In the event that it reaches the 56.79 pink horizontal line I will start looking for an entry into a short...
