HAL - Managing Risk in Halliburton #HAL by Using Price Action
The #priceactio n in Halliburton (NYSE: HAL) can help investors find #opportunity and integrate #riskmanagement tools . Stock Traders Daily has demonstrated that in this article. Review The plans for HAL below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 19.53 | |||
| P2 | |||
| 22.93 | |||
| 22.30 | |||
| 22.11 | |||
| P3 | |||
| 23.44 | |||
| 23.22 | |||
| 24.86 |
Long Term Trading Plans for HAL
May 11, 2021, 7:30 am ET
The Technical Summary and Trading Plans for HAL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this HAL Report.
HAL - (Long) Support Plan
The technical summary data tells us to buy HAL near 22.11 with an upside target of 24.86. This data also tells us to set a stop loss @ 22.05 to protect against excessive loss in case the stock begins to move against the trade. 22.11 is the first level of support below 22.74 , and by rule, any test of support is a buy signal. In this case, support 22.11 is being tested, a buy signal would exist.
HAL - (Short) Resistance Plan
The technical summary data is suggesting a short of HAL as it gets near 24.86 with a downside target of 22.11. We should have a stop loss in place at 24.93though. 24.86 is the first level of resistance above 22.74, and by rule, any test of resistance is a short signal. In this case, if resistance 24.86 is being tested, a short signal would exist.