Halliburton ($HAL) Trough Reached: A Recovery Along with $USOIL
Halliburton ($HAL) suffered, nearly bleeding out to the under 12/s mark-- weakest close was @ 12.25 per share. It is now over 13, and it will re-test the 16-point of resistance around the end of this month (June). Expect by July 4th the typical spike in gas prices, with $HAL gearing up to provide the first-steps of that recovery boon. 16 per share is entirely within reason, and it does not make a horrible sell point (Though we have established a high-upside of 22-plus).
Patience is now being rewarded with $HAL, while many did short and re-position their holdings. Due to the LT nature of this holding (7 to 12 months) these fluctuations in the market can be capitalized on, but the recent nadir of $USOIL is temporary and $HAL is climbing out of its (very shallow) hole that saw it attempt to touch the 12/point as a trough.
Happy trading/investing!
#TRUSTthePROCESS
Patience is now being rewarded with $HAL, while many did short and re-position their holdings. Due to the LT nature of this holding (7 to 12 months) these fluctuations in the market can be capitalized on, but the recent nadir of $USOIL is temporary and $HAL is climbing out of its (very shallow) hole that saw it attempt to touch the 12/point as a trough.
Happy trading/investing!
#TRUSTthePROCESS